Credit Guide

Card Consolidation Credit Debt Developer Morton Salkind says he wants to build a car track in Linden. Salkind says his track could one day host a NASCAR race. Not so fast, says NASCAR.

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Credit Union The stock car racing sanctioning body recently sent a letter to Salkind distancing itself from the plan.

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Merchant Credit Guide Co In April 24 letter, NASCAR President Mike Helton told Salkind, "Although NASCAR cannot and will not advise you on the development of your stated project, you must do so without any expectation or reliance that NASCAR will ever sanction an event at (the) facility if and when it is completed."

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Apply Online For Credit Card Helton's letter was in response to comments made by Salkind to The Star-Ledger in which he said NASCAR would "happily" sanction a race in the region.

For New Jersey racing fans, - a NASCAR racetrack right in their back yard. But for developer Morton Salkind to build his dream racetrack and entertainment center on an old Linden industrial site, just off the New Jersey Turnpike, - not the least of which is from the NASCAR organization itself.

By Card Credit Debt Debt Guide "They'll make open dates for the New York metropolitan market," Salkind said in the April 22 of The Star-Ledger. "They'll give us the dates happily."

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Credit Repair In his strongly worded letter to Salkind, Helton said, "NASCAR has absolutely no affiliation or connection with you or your company and has made no commitment or representation of any kind to hold a NASCAR sanctioned event at your facility if built."

Active Credit Credit Guide Salkind's proposal for Liberty Speedway on Tremley Point in Linden calls for a 0.92-mile racetrack with 100,000-seat grandstand, expandable to 140,000 seats. The plan also calls for a 400,000-square-foot entertainment center and a 20-story hotel and conference center.

Credit Score Salkind would build the Liberty Speedway on a 140-acre site that once housed GAF, a chemical company. He said the $401 million project would be built with private funds.

Bad Car Credit Guide Loan Salkind said the NASCAR letter would not discourage him.

Bad Credit Loan "I think that (the letter) was done for legal reasons and negotiating," Salkind said. "We won't have an agreement for some years."

Credit Definition Derivative Salkind said he planned to go before the Linden Planning Board Tuesday night to go over the proposed site plan.

Bad Credit Mortgage Linden Mayor John Gregorio, who also received a copy of the letter, said he was concerned about the NASCAR response and met with Salkind.

The Insider Guide To Credit "It (the racetrack) is not costing the city anything, but I don't want to get people's impressions up that we're going to get it and we don't get it," Gregorio said.

Business Credit Card In a related development, racing legend Mario Andretti and actor Paul Newman, whose names were listed on Salkind's proposal as potential backers, said they have nothing to do with the project.

Banker Complete Credit Guide "I am not involved in this at all. I have nothing to do with this," said Andretti recently.

Credit Card Application Sports marketing agent Barry Chappel, who raises sponsorship money for the racing team owned by actor Paul Newman and former race driver Carl Hass, said the Newman/Hass team had no interest in the Linden plan.

Credit Guide Managing Chappel said he was approached by a Salkind representative a few years ago when Salkind was trying to get a car racetrack built in the Meadowlands. Chappel said he discussed participating on the Meadowlands project with Andretti, Newman and Hass, but all three became uninterested for various business reasons.

Credit Card Offer As for the Linden plan, "we're not involved," Chappel said.

Merchant Credit Guide Company Salkind said he is in negotiations with the racing celebrities.

Bad Credit "If they get so much money, they're there. If they don't, they're not," he said. "As far as the Linden project, that has not yet been worked out, but I'm sure it will be. I thought they had signed on and I included their name in good faith."

Collection Collection Complete Salkind said he will no longer include any of their names in any Liberty Speedway materials until the matter is resolved.

Credit Counseling Despite NASCAR's distancing itself from the Linden proposal, the association in the past has said it would like to sanction races in the New Jersey-New York area, the No.1 media market.

Complete Credit Guide Higher "A track in the New York area would be absolutely huge for us," said Rob Copland, a NASCAR spokesman based in the sport's Midtown Manhattan office.

Chase Credit Card A few years ago Salkind pitched a track for the Meadowlands, but both his plan and a competing proposal from ISC, the International Speedway Corp., were rejected by the New Jersey Sports and Exposition Authority, which oversees the Meadowlands.

Complete Credit Guide Hedging "There is significant local opposition and unless that changes, there will be no entertaining NASCAR at the site," said George Zoffinger chief executive at the New Jersey Sports and Exposition Authority.

Bad Credit Home Loan ISC is a publicly traded company, but the France family, which owns NASCAR, controls nearly 70 percent of ISC's common stock.

Bad Credit Personal Loan ISC owns 12 racetracks scattered across the country, from Daytona International Speedway in Florida to the California Speedway east of Los Angeles, along with a 37.5 percent share of Chicagoland Speedway.

Credit Score Guide "Our enthusiasm for being at the Meadowlands has not dimmed," said John Graham, ISC vice president of business affairs. "But recognizing that we have been looking and talking (for) a long time, we do believe it's in our interest, and the interest of the sport, that we are beginning to explore other sites in New York and New Jersey."

Online Credit Report By Gabriel H. Gluck
Star-Ledger - 5/9/2003

Topic: Meadowlands

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