HIGH PLAINS RACEWAY, CO updates

[Darrel]

Welcome to the site Jeff!

I figure keeping track of individual donations, the loans and commercial monies will take care of themselves.

I am sure there will be a huge jump when the USR is finally approved(hopefully by feb 15th) from all of those sitting on the fence.

[Darrel]

Here is a great sim lap on the latest track layout.

Most recent numbers

$430K- member contributions

$450K- loan program

$883K- starting capital

$1,763,000

latest news release

[Red-Eye]

Looks like it's gonna be a fun track. Good luck...Robert

[Darrel]

The USR for High Plains Raceway has been approved by a unanimous vote by the county. Closing for the land is schduled on the 31st.

This despite a land owner who lives 5 miles away and complains about noise from the semi trucks driving on us 36, and us denver drivers that aren't used to slow moving farm implements.

[Darrel]

Updated info on the web site.

http://www.highplainsraceway.com/news/CAMA-Whats-Happening-020308.pdf

www.highplainsraceway.com

[Darrel]

fundraising is close to $2.2 million.

latest lap simulation on the most recent layout.

[Darrel]

latest "whats happening"

March 3, 2008 – HPR What's Happening!

After all of the excitement of January with USR approval and the land

purchase, I expected a calmer February but it has been quite the

opposite. There are so many irons in the fire and little things

requiring attention.

The marketing committee sent out another great mailer announcing the

USR & land purchase. The YouTube videos on the website have created

a lot of excitement. Many thanks to Andy Labout (PCA) and Paul

Leonard (SCCA) for the authentic videos they have each created.

Watch the website for the availability of a game version. Harry &

Greg Mathews (RMVR-CECA), Rome Chelsi (CECA) along with many others

conducted a very successful fundraising dinner last weekend. It is

exciting to see that the energy around the track project is growing

daily!

The design team has been especially busy. The horizontal design of

the track is now complete and the computer calculations for the

vertical design are about to be finalized. Grading and construction

drawings are anticipated to be complete in three weeks and next week

we anticipate having enough details to start portions of the

construction bid process. The bids will give us a badly needed final

budget. My best estimate today is that we need $2.8 million to start

construction and another half million for a few of the desperately

desired amenities. The detailed budget will be released to the

website as soon as it is approved.

Which brings me to the heart of "What NEEDS to be Happening" in

March. The thermometer is currently at $2.3 million. This

represents $900,000 in loan commitments and $511,000 in

contributions. While these numbers are commendable, they represent

the efforts of only a portion of the active membership of the Clubs.

I have talked to so many people considering the loan program or

planning to buy a brick that state that they `just have not got

around to sending it in'! Well we are all racers who procrastinate

till the week before the race to get the car ready. Well March is

that window of opportunity to get ready! If we are prepared later

this month to start construction but are short on money, then we

could miss a lot of green flag opportunities. Now is the time to

send it in!

Your clubs' boards of directors, their CAMA representatives, our many

volunteers and advisors have nearly completed their task to make HPR

a reality. Now it is up to the club members. The future of racing

in Colorado is in your hands. As Harry Mathews stated at the

fundraiser, "You have to `Pay' if you want to `Play' and the survival

of the amateur clubs rests primarily in their ability to control

their own future". Even with tracks in Pueblo, Hastings & LaJunta

how will the clubs survive if they can't generate enough drivers and

workers to those locations to conduct events. All clubs are

reporting large drops in participation levels. The Denver area is

the major populous of Colorado and the future of our sport relies on

having a Denver area facility to draw new members and keep the old

ones active. We at CAMA hope that some of the other proposed track

projects are also successful as they will only enhance that growth.

Inscribe your `Brick' today and let's keep HPR on-track!

Charlie Thompson

CAMA Manager

[Darrel]

The latest "what's happening" letter has been posted on the HPR web site along with an updated fund raising total. There is also a link for founding sponsor advertising rates flyer.

$2,574,000 has been raised so far.

www.highplainsraceway.com

http://www.highplainsraceway.com/pdf/FoundingSponsors-Flyer.pdf

[Darrel]

It looks like we will be able break ground on the track this year!!!

Although they are still waiting to get all the constructions bids sorted out, we should have enough money collected to build a usable facility.

The preliminary estimates called for $2.8 to build a usable facility. Our old track, 2nd creek was what I would call a usable facility and it worked well for 20 years although it was very small.

Construction release parameters--

That CAMA owns the land. DONE

That the needed zoning is approved. DONE

That the site plan is approved by the County. DONE

That firm quotes are in hand for the major cost items of this project. in progress

And last, but not least, that the Capital Campaign has raised enough money to at least pay for a "Useable Track." -- According to the latest tally we have $2,835,000 raised from members, commercial and individual loan program.

$601K- individual member and commercial sponsor contributions

$884K- starting capital

$1,350,000-- loan program

[Darrel]

latest update

June 3, 2008 – HPR What’s Happening!

Where to start? There has been so much happening since my last letter.

First, when we received the approval of our Use by Special Review application (USR) from Arapahoe County, several conditions were listed which as of today have now been completely satisfied. Our use permit can now be signed. This will allow for the final negotiations to conditions and collateral assignments required to obtain our Grading Erosion and Seeding Control permit (GESC). This permit is necessary to break ground.

In the meantime CAMA has obtained and is analyzing several bids for grading and asphalt. Needless to say, with the current costs of diesel and oil, these bids are all higher than hoped. Your representatives have been working very hard to analyze these bids and find the right combination of contractors and options to ensure a raceable facility close to the available budget.

Speaking of the budget, CAMA selected to stop updating the thermometer until after current market costs could be better identified, however it will now be updated to reflect our current funding level of $3,024,000. This represents $1,500,000 in loan commitments and $640,000 in member contributions. While race clubs are generally not political, we do applaud Washington for their program of distributing Economic Stimulus checks. Please send your economic stimulus money to CAMA and we will ensure it is utilized to stimulate a deserving asphalt contractor.

CAMA’s negotiations with the Champ Car bankruptcy court resulted in nearly 1,000 Gran Prix concrete barriers being given to our organization. The move required 210 truck loads costing in excess of $80,000 however this investment will provide us with all the safety barriers and facility control we will possibly need. We even obtained enough of the 2’ pit lane walls to set up a safe car service and signaling area along the pit lane.

Track tours of the HPR site are becoming even more popular. Utilize the website, www.highplainsraceway.com , CONTACT US page, if you would like to do a walk-about. The Capital Campaign committee has expanded a program for first year advertisers called the Founding Sponsor program. Contact a CAMA representative if you or a friend has a business which could enhance our fundraising through advertising.

This unfortunately will be my last letter as other business opportunities are forcing me to step down from my Manager role. It would take pages to thank all of the members who have provided the support I needed to perform my duties. The timing is good as the HPR plan and funding are in place allowing me to pass the baton to a fresh set of legs as construction begins. All of the clubs, members, and race fans who have contributed to date should be very proud of what we have accomplished so far - - a spectacular achievement.

Inscribe your ‘Brick’ today and let’s keep HPR on-track!

Charlie Thompson

Former CAMA Manager

[Darrel]

The HPR web site has yet to be updated, but the contracts are signed and money is in place so ground breaking is set to take place in the next week!!!

[Darrel]

confirmed, ground breaking is set for this Friday the 15th at 1pm.

the web site has been updated.

www.highplainsraceway.com