Is this the end of PI as we know it?

Dave

I live in Melton (shut up you lot) and havn't heard a thing. Do you know
where this land is?

There was talk back in Malcolm Frasers days (late 1970's) of building an
F1 track at Truganinna, just west of Deer Park, on Gubbyment land, but
like many other politicians' promises it never appeared.

Steve
1995 BMW R1100RT

 

.... better than his punctuation and spelling (I think he _meant_ 2 ...)

Well, you probably do, but neither of us know 50 people who'd want
to spend it on 2 hectares of mud on the wrong side of the Island.

Hey kids! Why not spend your holidays at RallyWorld! Try your hand
at beer wenchin', and learn the ancient art of bench racing ...

 

Loz said....

When I posted that note, I was going on by what I read in the Herald-Sun
and also a WIN news (Gippsland) news report last night.

Both were rather sketchy. In today's Age newspaper, they have given out
a bit more detail. It seems that the development will occur to the west
of the circuit and adjacent to the campground area.

However, there is another concern that such developments will drive up
land values and therefore the land tax base which is based upon the
"potential value" of the land that places like motels, caravan parks,
pubs and the like are situated.

As an example, the Metung Pub's tax bill went from around $2,000 in 2000
to $80,000 last year forcing the owner to sell up.

(Metung is a holiday town on Gippsland Lakes).

 

Where I live, everybody has two hectares. I paid $62,500 for my block 6
years ago. The going rate now is $185K for newly released blocks. At the
last release (65 blocks) 7 couples camped out at the sales office and they
sold 34 that weekend. It took another two weeks to sell the rest. So yeah,
all my (new) neighbours can raise $200K, but then they have to find the
money to build a house.

Theo

 

Dave said....

There was some discussion about the State government funding the
development of a future track about a year ago when it was announced
that PI was for sale. (well, a part of PI, that is..). Rumors abounded
that Calder was to be upgraded or that Broadford was to be expanded.

Melton, though, does seem to be a plausible one. As far as F1 and
domestic 4 wheel motor sports go, it'd certainly be a good alternative
to Calder and Sandown, which have really reached their use-by date.

 

I read it and can see how Moike got confused. What's a "vella"? If you had
placed the space between ours and .2 before the period I'm sure Moike would
have got it at once.

Theo

 

Better make that "after the period". D'uh.

Theo

 

Dunno, but I will try to find out.

The story I heard (from what I would call reliable sources) was that
it would be a motorsports complex with a F1 cum MotoGP track,
Motocross circuit, 4WD track, Speedway etc etc.

It was being driven by a bunch who were behind a breakaway F1 movement
wanting to set up in opposition to Bernie Ecclestone's set up.

TTBOMK the govt was not involved in this other than to issue
compliances for the land use.

Kind regards
Dave Milligan

 

Don't need any more young urban professionals in PI, do we Al?

Conehead

 

I don't think that part would be particularly hard, if the proposition
was even halfway profitable I could have several plane loads down there
in a week.

Which is the real problem. Finding people with 200K free for a decent
investment isn't hard, finding people willing to piss 200K up a wall for
nothing however can be a little more tricky !

Heheh and MotoGP isn't already a circus ?

JL

 

'Zackly ! There *are* people who will pay 200K for a mangrove swamp
that's under water at high tide, but most of them have now released
their spare cash into the capable and safe hands of white shoe wearing
Gold Coast "colourful business identities"

Hooo boy ! Count me in ! When are we going ?

JL

 

It's a sad story, yes, but you've obviously never eaten there. I'd
rather hook into one of the 12 o'clock pelicans, raw ...
Anyway, the pub was sold last month, so there's hope yet.

No, Metung is a long-weekend escape for a good part of Melbourne's
judiciary, a healthy number of the Melbourne-based company executive
and/or broker set, and a tenth of the old-money
walk-my-poodle-down-the-main-drag set. It's a wealthy person's resort
town, just like Lorne. The freehold management rights on The Moorings
resort alone is tagged at $1 million-plus.

- sanbar

 

Going? This is RallyWorld! No point going now, it was
better ten years ago before all these young ****s and their
rubbish ******** bikes!

-----sharks (etc, etc, uphill both ways in the snow)

 

well Fox did just buy Luna park..... GP in St Kilda anyone?

mh

 

Yah, the older a man gets, the further he had to walk to
school as a boy, etc, etc.

GB

 

YUP!

justAL

 

There's already a grand prix in St Kilda. Come up with some original ideas,
fella.

Nev..
'03 ZX12R

 

Moike said....

What do you reckon that Linfox is gonna do with Luna Park......

 

Yeah, every Friday and Saturday night on Ackland Street.

Fully sik moite!

justAL

 

Motorcycle track?



G-S