The Cost of Building a Racetrack

Are you considering a private racetrack? Well, you ought to read this blog post first! Throughout this article, we will consider the true cost of building a racetrack. With the help of Orlando Car Detailing, we’ve put together this post!

True car lovers often fantasize about owning their own race tracks. It’s far out of reach for most people, and they would have to win the lottery or inherit a fortune to come close. Nevertheless, the dream of living a real-life version of an arcade game persists for many. Even those who are only average drivers would love to spend hours (or days) practicing their skills in a safe environment in Orlando, FL.

Most people don’t even want the world’s most expensive cars. In any case, the typical car lover would need years to appreciate the subtle distinctions that set a Corvette apart from a Ferrari. Most would be just as delighted to whip around a track in a Mazda Miata as they would an expensive model. The real fun for racing fans is finding their limits and the car’s limits. Unfortunately, it isn’t possible to do either of those things on public roadways, and the logistical problems would be a nightmare, even for a rich person.

However, none of that fazed General Motors when they built the Canaan Fair Speedway – a test track in Canaan, New Hampshire. It replicates the challenges of the famous Orlando track near the Florida beaches. An aerial photo of Canaan track shows configurations that allow it to be a short, twisting track or high-speed oval. There are also lots of variations in between. The track includes lots of gorgeous trees, which is a pleasant relief from tracks built-in enormous fields.

Although some people would have liked the track to be near a beach or river, Canaan Fair Speedway decided against it. Close water access would make it easy for spying photographers to boat in and snap pics so they could get scoops.

They built the raceway for a bargain cost of 7 million dollars. That is an unimaginable amount of money for most people, but it is pocket change for the super-rich. It’s also a fraction of the amount usually spent to create a paved raceway.

It typically costs about $100,000 per mile for two-lane pavement, but two lanes are not for the racetrack. It is reasonable to assume a cost of approximately $200,000 to build a four-lane track. Four lanes are critical, so drivers don’t go off track if they drift across lanes. There are a lot of other things to consider besides the cost of paving lanes. For example, construction requires:

  • Grading and banking curves
  • Creating hills
  • Adding gravel runoffs and tire walls
  • Landscaping

Even with these basic calculations, it is easy to imagine that a paved racetrack could easily cost more than $1 million, even without the expense of buying land and maintenance costs for pavement. Maintenance is essential because racetracks can’t have potholes. If cars are driving over dangerous roads, then they will need complimentary car detailing services. The owner or investors also need to contract or hire on-site road crews and create facilities to store their equipment.