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ORV park investors needed
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<blockquote data-quote="Gibby1" data-source="post: 785382" data-attributes="member: 15983"><p>I would call Hollister Hill the ideal park.</p><p></p><p>I can easily fit an event style park in 40-50 acres and include parking, washroom and food facilities, viewing areas, several rock crawl courses, several mud bogs, tuff truck tracks etc, but not a trail system. That's NOT what I'm talking about. A trail system would need to go to NE Washington where you can pick up 20 acres for $30k or $40k. BUT, it's a 5 hour trek from Seattle to get there. You could make a nice destination resort somewhere up there but that doesn't interest me that far away.</p><p></p><p>Erik, have you been to Cranberry Lake where the Faithwheelers and Webfooters have built an ORV park? It has a barrels race, cross country race, and obstacle course, all for the jeep racers. It also has a drag race area for the jeep racers. There are two 300' mud bogs a tuff truck course, a rock crawl, an almost complete buggy hill, and an obstacle course for the smaller trucks.</p><p></p><p>It's private land and the land owner only approved a couple of events per year (and was recently shut down temporarily). The site development was not ideal as we had to work around the farmer's farm and could only use whatever areas he approved. Our total space used was around 50 acres and that could be way more efficiently designed if it was purpose built rather than built around the needs of an existing farm.</p><p></p><p>A going rate in this area would be $3k to $5k per weekend for a club to rent the site to host an event. Add on some day use fees, perhaps in the form of a membership, a couple of professional events each year and it is feasible on 50 acres if it can be had for around $500k including improvements. Leased land is more doable BUT to an investor there's no value in leased land for a non-profit business. There is in a share of real property. The investors may want to purchase the land and lease it to the non-profit company to operate on... Since it would be purchased cash, the terms could be negotiated to fit everyone's needs and the investors would still be able to realize some long term investment benefit from the land. When the business is up and running the ORV could purchase the property back from the investors over time.</p><p></p><p>There are a ton of ways to structure this, but I need to get about $500k of investment money. I'd be willing to put in $100k personally, but that's it. My wife would KILL me if I did any more than that.</p></blockquote><p></p>
[QUOTE="Gibby1, post: 785382, member: 15983"] I would call Hollister Hill the ideal park. I can easily fit an event style park in 40-50 acres and include parking, washroom and food facilities, viewing areas, several rock crawl courses, several mud bogs, tuff truck tracks etc, but not a trail system. That's NOT what I'm talking about. A trail system would need to go to NE Washington where you can pick up 20 acres for $30k or $40k. BUT, it's a 5 hour trek from Seattle to get there. You could make a nice destination resort somewhere up there but that doesn't interest me that far away. Erik, have you been to Cranberry Lake where the Faithwheelers and Webfooters have built an ORV park? It has a barrels race, cross country race, and obstacle course, all for the jeep racers. It also has a drag race area for the jeep racers. There are two 300' mud bogs a tuff truck course, a rock crawl, an almost complete buggy hill, and an obstacle course for the smaller trucks. It's private land and the land owner only approved a couple of events per year (and was recently shut down temporarily). The site development was not ideal as we had to work around the farmer's farm and could only use whatever areas he approved. Our total space used was around 50 acres and that could be way more efficiently designed if it was purpose built rather than built around the needs of an existing farm. A going rate in this area would be $3k to $5k per weekend for a club to rent the site to host an event. Add on some day use fees, perhaps in the form of a membership, a couple of professional events each year and it is feasible on 50 acres if it can be had for around $500k including improvements. Leased land is more doable BUT to an investor there's no value in leased land for a non-profit business. There is in a share of real property. The investors may want to purchase the land and lease it to the non-profit company to operate on... Since it would be purchased cash, the terms could be negotiated to fit everyone's needs and the investors would still be able to realize some long term investment benefit from the land. When the business is up and running the ORV could purchase the property back from the investors over time. There are a ton of ways to structure this, but I need to get about $500k of investment money. I'd be willing to put in $100k personally, but that's it. My wife would KILL me if I did any more than that. [/QUOTE]
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