Nürburgring Goes Bust
07-17-12, 06:48 PM
#1
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Nürburgring Goes Bust
The Nürburgring is officially broke. According to various German sources, the only chance the owners of the 'Ring have to fend off bankruptcy is if the track gets 13 million euros (CAD$16.6 Million) of new life injected into it. Problem is, state officials have said it's not going to happen.
In other words, the Nürburgring will go into administration and its future will at least in part be decided in court. Also up for debate will be the legality of 524 million euros (CAD$630 Million) worth of funding that the state has already pumped into the track, an amusement park with hotels and a shopping mall that make up the local attraction.
Reports indicate that the rest of 2012 will proceed as planned at the 'Ring. After that, it's anybody's guess what will happen to the famous German racetrack.
In other words, the Nürburgring will go into administration and its future will at least in part be decided in court. Also up for debate will be the legality of 524 million euros (CAD$630 Million) worth of funding that the state has already pumped into the track, an amusement park with hotels and a shopping mall that make up the local attraction.
Reports indicate that the rest of 2012 will proceed as planned at the 'Ring. After that, it's anybody's guess what will happen to the famous German racetrack.
07-17-12, 07:48 PM
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07-17-12, 09:05 PM
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07-17-12, 10:15 PM
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I was in Germany last year, did the Cologne to Stuggart run in 3 hours thanks to the Autobaun, drove right past the Ring, I was late for a Porsche tour so I couldn't visit, but it has been one of the highlights of my life, it would be sad if German just became another USA when it comes to driving.
07-18-12, 02:30 AM
#14
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To add to this, the big problem was that they tried to make it into this massive amusement park / attractions complex in addition to the ring. Don't quote me, but I think the issue was that the projected visitation numbers were way higher than they should have been, and of course then the economic downturn in recent years.
07-18-12, 04:45 AM
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eh, the track will survive. It's just been mismanaged with all of the surrounding attractions that they dumped way too much money into. Core interest in the track is still there. All of the other stuff can go.