Mllcg 3rd Gear June 12, 2013 Share June 12, 2013 SINGAPORE: The Singapore Sports Council (SSC) confirmed Wednesday it will not proceed with the re-tender for the Changi Motorsports Hub site, effectively putting an end to the ambitious race-track project. This follows the conclusion of an extensive international and local market sounding and Request for Information (RFI) exercise. The council said it was unable to proceed with the re-tender as it could not accede to certain conditions from potential investors. These include requests for flexibility of lease terms and land use, as well as tax concessions. SSC CEO Lim Teck Yin said the land take and proposed use under the project "do not justify an operating model that involves significant government subsidies or concessions". The council had received seven proposals from six consortia, the majority of which were motor-sports related. Proposed motorsports ideas included a FIA grade 2 or 3 circuit, a CIK graded karting circuit, a racing academy, a dragstrip, and bonded warehousing. Non motorsports-related ideas included a theme park and watersports marina. Common ideas cutting across the majority of the proposals include retail and F&B. The 41-hectare site in Changi will be reinstated to authorities. Mr Lim said: "While we work towards handing the site back to the authorities, SSC is also actively working with the relevant agencies on possible interim uses for the site for motorsports-related activities, such as karting, for the community." The race track project has stalled since 2011 when the Japanese-led consortium that won the bid ran out of money. - CNA/jc http://www.channelnewsasia.com/news/singap...4.html?cid=FBSG ↡ Advertisement Link to post Share on other sites More sharing options...
VellfireS 4th Gear June 12, 2013 Share June 12, 2013 fark la.. sigh.. anything like that must go Pasir Gudang liao.. Link to post Share on other sites More sharing options...
Wyfitms Twincharged June 12, 2013 Share June 12, 2013 another bites the dust... Link to post Share on other sites More sharing options...
Yahgo22 1st Gear June 12, 2013 Share June 12, 2013 Peter Lim will be most happy with this news Link to post Share on other sites More sharing options...
Celicar Turbocharged June 12, 2013 Share June 12, 2013 Viv Bala's 2 main failures during his tenure - this track and the Nat Stadium. If private sector he would have been sacked a long time ago. Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged June 12, 2013 Share June 12, 2013 Viv Bala's 2 main failures during his tenure - this track and the Nat Stadium. If private sector he would have been sacked a long time ago. He himself is a failure la.. he should have been eradicated from Earth long ago Link to post Share on other sites More sharing options...
Hydrocarbon Turbocharged June 12, 2013 Share June 12, 2013 Proposed motorsports ideas included a FIA grade 2 or 3 circuit, a CIK graded karting circuit, a racing academy, a dragstrip, and bonded warehousing. Non motorsports-related ideas included a theme park and watersports marina. Common ideas cutting across the majority of the proposals include retail and F&B. Hope the Go-Kart one makes it.. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear June 12, 2013 Author Share June 12, 2013 Hope the Go-Kart one makes it.. we have go-kart at jurong le. Link to post Share on other sites More sharing options...
Watwheels Supersonic June 12, 2013 Share June 12, 2013 It will be too expensive to built anything but condos and hdbs in sgp. Link to post Share on other sites More sharing options...
Shull Turbocharged June 12, 2013 Share June 12, 2013 With the stupidly restrictive LTA rules we have in place.. this is bound to be a failure.. Unless you're driving a proper sports cars, you don't bring a bone stock B&B cars to track. And our car prices makes sports cars out of reach for most people. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear June 12, 2013 Author Share June 12, 2013 With the stupidly restrictive LTA rules we have in place.. this is bound to be a failure.. Unless you're driving a proper sports cars, you don't bring a bone stock B&B cars to track. And our car prices makes sports cars out of reach for most people. modded evos, wrxes, civics all can fight Link to post Share on other sites More sharing options...
Hydrocarbon Turbocharged June 12, 2013 Share June 12, 2013 we have go-kart at jurong le. The more tracks, the merrier! Haha.. With the stupidly restrictive LTA rules we have in place.. this is bound to be a failure.. Unless you're driving a proper sports cars, you don't bring a bone stock B&B cars to track. And our car prices makes sports cars out of reach for most people. Maybe LTA will come up with new scheme, COE for tracking.. So cars can only be used at tracks.. Then people buy sports cars for tracks, and bnb cars for daily driving.. More income for govt! Link to post Share on other sites More sharing options...
Mllcg 3rd Gear June 12, 2013 Author Share June 12, 2013 The more tracks, the merrier! Haha.. Maybe LTA will come up with new scheme, COE for tracking.. So cars can only be used at tracks.. Then people buy sports cars for tracks, and bnb cars for daily driving.. More income for govt! u can buy track cars alr la. supra for sale at 8k. Link to post Share on other sites More sharing options...
Hydrocarbon Turbocharged June 12, 2013 Share June 12, 2013 u can buy track cars alr la. supra for sale at 8k. Isit? Just for use on tracks? Oh, didn't know.. Can I have more info please? Thanks.. Link to post Share on other sites More sharing options...
Celicar Turbocharged June 12, 2013 Share June 12, 2013 u can buy track cars alr la. supra for sale at 8k. What, left half an hour on the COE? Link to post Share on other sites More sharing options...
Maxus-MIFA9 Supersonic June 12, 2013 Share June 12, 2013 No more drifting & rally to see ...... Link to post Share on other sites More sharing options...
Celicar Turbocharged June 12, 2013 Share June 12, 2013 With the stupidly restrictive LTA rules we have in place.. this is bound to be a failure.. Unless you're driving a proper sports cars, you don't bring a bone stock B&B cars to track. And our car prices makes sports cars out of reach for most people. Some say Kia Koup is sports car you knowz? Link to post Share on other sites More sharing options...
Wyfitms Twincharged June 12, 2013 Share June 12, 2013 All the recent sale prices of GLS are making the govt drool until SG is flooding left right center can't wait to reinstate land back to SLA/ URA to release as sale site... 41 hactres leh... imagine the amount of cash that be can pumped into our reserves ↡ Advertisement Link to post Share on other sites More sharing options...
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