Thank you, sparked another thought.
In lieu of rent payments, an agreement could be set up initially involving track repairs.
Month 1-fix weepers
Month 2-fix lighting, and so on
Everyone wins.
Bithlo Ownership--Their facility is being upgraded--for free. If the tenant fails, the upgrades remain for the next tenant.
The Promoter--Those upgrades need to be made before the first race anyway. If you can make them and skip rent payments until race day, so much the better!
In lieu of rent payments, an agreement could be set up initially involving track repairs.
Month 1-fix weepers
Month 2-fix lighting, and so on
Everyone wins.
Bithlo Ownership--Their facility is being upgraded--for free. If the tenant fails, the upgrades remain for the next tenant.
The Promoter--Those upgrades need to be made before the first race anyway. If you can make them and skip rent payments until race day, so much the better!
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