NJMP files Chapter 11

[Brian Minkin]

What does TRG know that we do not?

 

TRG to Exit from New Jersey Motorsports Park














Petaluma, CA (March 29, 2011)- Following several years of planning both from a developmental and financial means, TRG has decided to postpone its current plans to develop an East Coast hub at the recently built New Jersey Motorsports Park.

With plans including everything from a lavish new country club environment for racers, to personal car condominiums, all the way to a driving school and place to have an exotic, collector, or sportscar maintained, TRG had always had very ambitious plans for the new project. With Millville, New Jersey’s geocentric location to such cities as New York, Philadelphia, Boston and Washington D.C., the compound had always been seen as a perfect locale for the busy East Coast executive to handle his racing fix.

Unfortunately, on-going ownership, management and directional issues of the park and a recent bankruptcy filing of the facility has forced TRG to distance itself from the current racetrack until a clearer direction for the park is seen.

For Team Owner Kevin Buckler, the prospect and opportunity was strong in the beginning but the recent challenges of the facility have made it difficult to continue.

“When TRG first came to New Jersey Motorsports Park we had very high hopes on our future plans together, as did the park and its management,�? stated Buckler. “It was a major East Coast expansion for us adding to our current successful operations in Petaluma, California and Mooresville, North Carolina. We loved the local town and its people and their enthusiasm for our involvement in the community. The park has obviously had some challenges and things did not develop as we had hoped for. We no longer support the ownership and management of the facility or it’s vision for the future. Our brand is very strong right now and our NASCAR and Sportscar racing programs are in full swing. It is regrettable, but in the best interest of TRG to distance ourselves from this current situation. Our lease is not up for several months but we are removing all of our equipment, temporary personnel and signs as of today. We wish the park the best of luck in the future and hope we can be back again someday if the conditions are right.�?

The New Jersey Motorsports Park was founded in 2007 with the idea of being an East Coast hub for modern road racing. Featuring professional and club events that included participation from AMA Pro Racing, GRAND-AM, and the ARCA Re/Max series, the campus had always featured a fast and diverse calendar of events.

TRG is a full-service motorsports company offering a total driver ladder approach, as well as comprehensive sponsorship opportunities. For drivers, this approach starts with track days, goes to club events, up into street stock series and culminates in the ultimate goal of professional motorsports. For sponsors and business partners, this approach starts with everything from Executive events, to traditional sponsorship models, all the way to business-to-business networking and experiential marketing. With facilities in Petaluma, California and Mooresville, North Carolina the team can offer turn-key marketing programs as well as arrive-and-drive support.

The company’s NASCAR operations are headquartered in Mooresville, North Carolina. The team fields a NASCAR Sprint Cup Series entry and has the capacity to run ARCA, Nationwide and the Camping World Truck Series.

The Racer’s Group was founded in 1993 and has been competing at the top level of motor racing. The team boasts Rolex Series GT championships in 2005 and 2006 and holds the record for the most wins in Grand-Am with 32. The team’s resume is highlighted by five championships, four Rolex 24 Hour at Daytona victories, and a Le Mans 24 Hour win.




The Racer's Group
1995 S. McDowell Blvd.
Petaluma, CA 94954