I have been quite on this site for a while now but since that old race track is across the street from my property, I will chime in on this post. I hope I do not offend anyone on this matter.
I have been part of two groups that have looked into the old horse track to make it a motorsport track and it all comes down to spending a lot of money.
1. The property is not for sale. (that says a lot right there)
2. From the Hwy it looks ideal but when on the property its really not it was an old 1 mile track now its a grass field.
I personally walked this property for over three hours less than a month ago and to get it in Racing condition it would take a very large 6 digit figure.
I will not list all of the properties pluses and negatives but what I will say is SUPPORT the TRACKS that up and RUNNING if you like DIRT I37 Raceway is a great place to run. ASPHALT I know its a haul but Thunder Hill and Houston are open for business.
I would Love to have a track closer to home but I don't so that is why I support the tracks that running and trying to find ways to keep Texas Racing alive.