After all these years the inevitable has happened.
http://www.dragcity.net/
"THE DRAG CITY PROJECT CAME TO AN END IN THE CITY OF BANNING
ON OCTOBER 23, 2007.
THE CITY COUNCIL HAS VOTED TO BUILD INDUSTRIAL PARKS ON THE PROPERTY THEY ACQUIRED FROM THE FAA FOR OUR DRAG STRIP BECAUSE BANNING AIRPORT ASSOCIATES (BAA) FAILED TO MAKE THE REQUIRED ESCROW DEPOSIT AND TO BUILD THE TRACK IN THE TIME FRAME THE CITY WANTED.
WE FEEL THAT THEIR TERMINATION OF THE AGREEMENT IS UNLAWFUL AND A LAWSUIT WILL BE FILED AGAINST THE CITY OF BANNING IMMEDIATELY!
In the meantime, We, the Marocco's of DRAG CITY, want to THANK ALL OUR SPONSORS, FRIENDS,RACERS, and FAMILIES WHO SUPPORTED OUR EFFORTS FOR THE PAST 7 YEARS! WE tried our hardest to make it a reality however in the end you don't always control what you started.
TO ALL our "original" investors and sponsors we will make every effort to pay back 100% of your deposits as soon as we are able to liquefy our assets.
40 ACRES OF LAND IS CURRENTLY AVAILABLE FOR $12.2 million
industrial zoned near airport with off site improvements completed on Barbour Street"
http://www.dragcity.net/
"THE DRAG CITY PROJECT CAME TO AN END IN THE CITY OF BANNING
ON OCTOBER 23, 2007.
THE CITY COUNCIL HAS VOTED TO BUILD INDUSTRIAL PARKS ON THE PROPERTY THEY ACQUIRED FROM THE FAA FOR OUR DRAG STRIP BECAUSE BANNING AIRPORT ASSOCIATES (BAA) FAILED TO MAKE THE REQUIRED ESCROW DEPOSIT AND TO BUILD THE TRACK IN THE TIME FRAME THE CITY WANTED.
WE FEEL THAT THEIR TERMINATION OF THE AGREEMENT IS UNLAWFUL AND A LAWSUIT WILL BE FILED AGAINST THE CITY OF BANNING IMMEDIATELY!
In the meantime, We, the Marocco's of DRAG CITY, want to THANK ALL OUR SPONSORS, FRIENDS,RACERS, and FAMILIES WHO SUPPORTED OUR EFFORTS FOR THE PAST 7 YEARS! WE tried our hardest to make it a reality however in the end you don't always control what you started.
TO ALL our "original" investors and sponsors we will make every effort to pay back 100% of your deposits as soon as we are able to liquefy our assets.
40 ACRES OF LAND IS CURRENTLY AVAILABLE FOR $12.2 million
industrial zoned near airport with off site improvements completed on Barbour Street"