Banks battling over NASCAR office tower

They are tired of all of them going up on the roof yelling YEE-HAW

QUOTE(#2):

Originally posted 11:42 AM ET  08.28 by Help Me ID Float

I have no clue as to how this relates to racing.

It don't. They pay all these millions for winning but can't pay their bills.

The building should be a lot taller than 18 storeys. Then the top 35 could be exempt from paying rent.

QUOTE(#4):

Originally posted 12:22 PM ET  08.28 by Rickapolis

The building should be a lot taller than 18 storeys. Then the top 35 could be exempt from paying rent.

LOL

QUOTE(#1):

Originally posted 11:34 AM ET  08.28 by shiprock

They are tired of all of them going up on the roof yelling YEE-HAW

Not bad!

QUOTE(#2):

Originally posted 11:42 AM ET  08.28 by Help Me ID Float

I have no clue as to how this relates to racing.

After 5 days of NOTHING.. the "Powers That Be" of the T&R section don't have a clue either.. but in their defense it did say "NASCAR" 3 times in the story

All NASCAR has to do is go to TURD and they will givem' the $$ to bail that place out of debt ...

QUOTE(#9):

Originally posted 03:30 PM ET  08.28 by EarnTaz88

All NASCAR has to do is go to TURD and they will givem' the $$ to bail that place out of debt ...

That's pretty cute coming from a big Chevy fan like you. Do you remember who owns GM?

LMFAO

QUOTE(#10):

Originally posted 05:59 PM ET  08.28 by Rex Racer

That's pretty cute coming from a big Chevy fan like you. Do you remember who owns GM?

obviously the share holders will shortly when it IPO's..

QUOTE(#18):

Originally posted 01:19 AM ET  08.29 by svt

obviously the share holders will shortly when it IPO's..

Not really...the IPO is to sell new shares to rise capital....then the Government will start selling its 61% of GM shares...so even after the IPO...the MOST GM shares will still be Own by you & me...the Taxpayers

NASCAR doesn't own the building. The banks want to foreclose on Lauth Property Group not NASCAR, who is just a tenant in the building. The building is only 40% full, but Lauth insists that it can still be successful. Wells Fargo has made an offer offer if 42 cents on the dollar and is trying to get the building at that discount price.

so, let's see, the developer defaults on note, bank now owns property with 2 big tenants and nascar will now probably scoop the office building at a good price. sounds like business as usual on any day in this country. still, i can't see what it has to do with anything at or on the track.

QUOTE(#10):

Originally posted 05:59 PM ET  08.28 by Rex Racer

That's pretty cute coming from a big Chevy fan like you. Do you remember who owns GM?

I don't think the Japanese own GM -- they just keep flooding the US with their junk...

QUOTE(#26):

Originally posted 03:40 PM ET  08.29 by EarnTaz88

I don't think the Japanese own GM -- they just keep flooding the US with their junk...

and have sold millions of vehicles, is that because they are selling good cars or junk? I would hope you don't think that the folks that buy the Toys aren't stupid. They know value., I think.

QUOTE(#26):

Originally posted 03:40 PM ET  08.29 by EarnTaz88

I don't think the Japanese own GM -- they just keep flooding the US with their junk...

You must a UAW member.

QUOTE(#18):

Originally posted 01:19 AM ET  08.29 by svt

obviously the share holders will shortly when it IPO's..

I didn't ask who would own them in future, duh!

See Nova's post (#23) for your re-edumacation. And look up "how the Auto unions will fare in this IPO" while you're at it.

QUOTE(#7):

Originally posted 02:15 PM ET  08.28 by WILD FAN

After 5 days of NOTHING.. the "Powers That Be" of the T&R section don't have a clue either.. but in their defense it did say "NASCAR" 3 times in the story

LOL

Hey T&R, we are still here.