Originally Posted by paradocs98
My first ever HPDE was at Monticello a year and a half ago with NASA/PDA. I was a newbie, and I was in my then-current E60 M5, but it was a blast. Very high speed and many interesting aspects to the track. I wish I could go back now that I have the M3 and more experience! I do wonder, though, how these types of tracks stay alive with only private memberships in this economy. I've heard fantastic things about Spring Mountain in Nevada and all the amenities it has to offer, and you could perhaps justify its membership fees based on all those extras, but Monticello was nowhere near as developed when I saw it last year...
Their target market is individuals with net worth of 20 mil or more. I know that for a fact. It would be hard for anyone else to afford the initiation fee (50-200k I think) and then the monthly fees in addition to that. Since they are relatively close to Manhattan, they have a ton of prospective members. Problem is, they didn't hit their membership targets - if I heard that tight, they were looking for ~ 500 members and only got less than half of that. So the challenge for existing members is that their membership has almost no liquidity: because the club still accepts members, existing members cannot just sell their membership to anyone else. This is the the reason why the Club did not finish all its plan to build out more facilities on the track (spas for the wives, etc.) so it is somewhat limited compared to a full-blown golf country club for example. But most importantly, the track is fully finished and it is spectacular!