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Johan Bruyneel and his crazy scheme

May 8, 2009
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When I read on Aprils Fool Day that Johan Bruyneel is planning to do "something great" with pro cycling – by breaking away from the UCI – I thought I would share about something “great” Johan did to my own city of Albuquerque New Mexico.

It's a long convoluted story - a morality tale even – full of characters including Lance Armstrong that I don't have the ability, time or energy to tell properly, but since every local newspaper and major cycling news outlet neglected to even look into it, I guess I should do my best to pass it on before Bruyneel tricks anyone else into following his grandiose schemes.

The story - about what happens when you let an egomaniac like Bruyneel pervert something simple – like building a tax-payer funded municipal velodrome – is public knowledge and I'd personally be happy to share my own hard drive full of evidence to any journalist or investigator interested in pursuing it.

In 1998, some cyclists in Albuquerque New Mexico decided to purchase a wooden velodrome - the Pan-Am Games velodrome - from Winnipeg Canada. A local guy started a group - the Southwest Velodrome Association (SVA) and raised about 100k from a local charity, the McHune Foundation Charitable Trust from Santa Fe to ship it here.

According to local legend, newspaper reports, and local group ride gossip, after the velodrome arrived, the guy - a local cat. 3 named Jonathan Powell - spent the money leasing a kick-*** fast Audi, promoting local parking lot crits with $50 entry fees and throwing champagne cracking charity events. Money was really no object. This was going to be world class.

In less than 18 months, the money disappeared.

Mr. Powell, when interviewed, said the money was spend in administrative functions and the real problem was that the cycling community of New Mexico were "lazy and cheap." He also claimed that the other three members of the SVA board “invaded his home and stole his computer to incriminate him for embezzlement.” The Albuquerque Police Department and City of Rio Rancho City – who gave Powell over 60k that was raised from a “black tie velodrome benefit dinner ” - investigated the alleged embezzlement and found nothing. Powell had long moved to Arizona, where he sells used cars.

Ten years later the Winnipeg Pan-Am Veledrome was rotten and deserted in the New Mexico Sun. Legend says it was eventually used as hardwood floors in a fashionable house in the foothills of the Sandia Mountains.

A few years later some more Albuquerque cyclists decided this was a travesty and were determined to construct a truly world class velodrome in New Mexico, one of the poorest states in the country. They were mostly lawyers and businessmen and commuters who had never raced a road bike - much less on the track - in their entire lives. This was going to be world class. Lance Armstrong and Johan Bruyneel were mentioned. That sealed the deal.

The Veloport Corporation had truly gigantic delusions: to make Albuquerque the "cycling capital of the world" by building a cycling mecca: a velodrome, a crit course, a BMX course, a human performance lab, sports doctor offices and of course - a five course French cuisine restaurant.

This was going to cost money, and the Veloport Corporation was good at raising money, the president – Charlie Ovis – was manager of the local Wachovia Bank, and the rest of the board were local accountants and lawyers. Champagne was again popping.

A two million dollar public bond was put on the next ballot and was approved.

But the project – gigantic in scope and ridiculous in design – was going to cost closer to ten million.
The Veloport Corporation and the city quickly started raising money. The housing bubble was enormously expanded and tight, but not yet popped, and developers like Mesa Del Sol were excited and local tax payers were happy to shell out a few millions dollars to get kids on track bikes and off crack.
Somehow a multi-million dollar publicly funded velodrome would keep kids off crack AND bring millions a year in tourism dollars. The specifics were vague, but Ovis and other Veloport members repeatedly mentioned Bruyneel and a quasi-magical cycling academy that would change Albuquerque – a city largely known as being the location of the reality show COPS and the crack-based drama Breaking Bad – into the #1 cycling city in the world.

Phase one of the project, a dirt BMX with a metal roof. was constructed near the local baseball park in 2007. Phase two and three – the velodrome and French restaurant never happened.

This is where - if you are still reading – the story gets interesting.

Despite the lack of a physical velodrome, Charlie Ovis – the local banker who ran the Veloport Corp – decided to invite professional cycling teams - Astana, Lipton and Navigators - to train in Albuquerque. The weather was good, the altitude was high, and it would be free, because local sponsors – like the Veloport Corp. would foot the bill.

Ovis convinced Martin Chavez, the Albuquerque mayor who enjoyed publicity, that track cycling was going to bring in millions of tourist dollars. Yes, Albuquerque, a city that can't buy textbooks for it's local schools. could get rich off professional TRACK cycling.

Together with the city, the Chamber of Commerse and some local sponsors, Ovis and his team paid for a number of professional cycling teams to come to the city and train in the winter. Astana, Navigators, Lipton and the amateur Belgian based team CyclingCenter all were paid to come to Albuquerque for a free, all-expenses paid training camp.

These are all details. Let's get into the truly insane.
Ovis and the Veloport corporation decided they needed some big names to build big things.
So the biggest names – Lance Armstrong and Johan Bruyneel – were first on the list.
Ovis and the city wanted to “attract JB to build a training facility at Mesa Del Sol. It included participation from USA Cycling and possible designation as an Olympic Training Center. JB came to Albuquerque and agreed to terms with the State to build the center. Contracts were drawn up and were in the process of being signed. Two weeks later, Discovery announced the team was folding. The Training Center was put on hold and JB went to Astana.”

Mesa Del Sol, a gigantic “city” that is really just a sprawling piece of empty undeveloped land on the side of Albuquerque, which is already fifty miles wide would be a “cycling city” with a Johan Bruyneel Cycling University, funded by the State of New Mexico.

Bruyneel and Ovis and the Veloport corporation, consisting of some of the ponzi scheme businessmen and finest ambulance chasers the city of Albuquerque had to offer, were going to make a city based on cycling, in a poor city that exemplifies everything that is wrong with American urban sprawl.

Bruyneel, Ovis and the Veloport Corporation convinced the city to wait to build the new velodrome until Bruyneel properly could rule over his desert “cycling city.” The actual VELOPORT, next to the baseball park, is a nice BMX track packed with kids everyday. The velodrome and the French restaurant – with a higher cost of 20 million bucks – was nothing in 2007 but a little more substantial after the housing bubble exploded never got built.

Eight million dollars in New Mexico taxpayer money, that was assigned to build a “veloport” velodrome project was never constructed because Johan Bruyneel wanted to start a publicly funded “cycling university” in one of the poorest states in the county.

Long story short:
The Albuquerque velodrome, that was paid for by a public tax bond, was never built because they (Bruyneel, the Veloprt Corp, Mesa Del Sol and Mayor Chavez) wanted to wait to build it at Johan Bruyneel's own cycling university in a “new city” called Mesa Del Sol:
http://en.wikipedia.org/wiki/Mesa_del_Sol

Here is Bruyneel speaking to a Belgian newspaper on his cycling city:
http://forum.index.hu/Article/viewArticle?a=74829949&t=9005529

Tax return, showing 60k to Bernard Moerman, for hotel rooms that were supplied for free by a local sponsor:
http://nccsdataweb.urban.org/PubApps/showVals.php?ft=bmf&ein=203727741


I have much more on Johan, the Veloport, and how they – along with the city of Albuquerque - swindled the taxpayers into paying Bernard Moerman, Johan's childhood friend and owner of CyclingCenter.com, for training camps in Albuquerque.
 
Sounds like a rather sad story, and thanks for posting it.

Mike Schatzman said:
Eight million dollars in New Mexico taxpayer money, that was assigned to build a “veloport” velodrome project was never constructed because Johan Bruyneel wanted to start a publicly funded “cycling university” in one of the poorest states in the county.

Long story short:
The Albuquerque velodrome, that was paid for by a public tax bond, was never built because they (Bruyneel, the Veloprt Corp, Mesa Del Sol and Mayor Chavez) wanted to wait to build it at Johan Bruyneel's own cycling university in a “new city” called Mesa Del Sol

Did JB actually have an influence on the delays and eventual cancellation of the project? The whole thing sounds like a dud plan which was never going to work. Was the big problem that they wanted this "academy"? I'm not quite sure how it fits in with the lack of velodrome ever being built. And was JB just foolish to put his name on it or was he one of the key players.
 
May 8, 2009
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I think raising over ten million for the project:
http://www.cyclingnews.com/news/velodrome-for-albuquerque
hardly makes it a dud - it was funded by tax payers who VOTED to build a velodrome, not a bmx track.
Bruyneel, along with Bernard Moerman, who operates:
http://en.wikipedia.org/wiki/Johan_Bruyneel_Cycling_Academy

Bruyneel stated in the Belgian newspaper article I quoted that:
"In Albuquerque, they are working to design
a new city. Mesa del Sol. with 35,000 new homes for 100,000 people.
Centrally comes the Johan Bruyneel Cycling Academy, funded by the
State of New Mexico. This should become the College for the American
cycling talent. It must be finished sometime next year."

Now Veloport was the organization that was created by local banker to fund this scheme:
Here is the tax return that gave all 60k of it's funds to Moerman for hotel rooms that were covered by sponsor Embassy suites.
http://nccsdataweb.urban.org/orgs/profile/203727741?popup=1#forms
The 2007 return says 60k on hotel rooms for Bernard Moermans pro cycling team

They weren't even pros, just american trust fund babies that wanted to race in Belgium and paid Moerman to house them and take them to races.

The story is ridiculous and extremely confusing, I'd encourage a real journalist to take it over from here, I am always available at mschatzman@yahoo.com
or mtschatzman@gmail.com
 
May 8, 2009
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viewer
 
Sep 14, 2010
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JB ever accomplishing anything....


All I can see is a tin cup being clanked against steel bars. Can't do much from in there, especially while puckering.
 
Aug 13, 2009
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An now you know why Astana froze their A$$ off with a training camp in New Mexico a few years ago. 35 degrees, every piece of clothing they could find

300125_M23.jpg
 
Jul 14, 2009
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Thanks for posting this. I like your opinion on this. I am unsure why you keep making references to what racing category and racing experience the would be organizers have. It sounds like it would have been a cool project if the could have got it done on the cheap. Because the high desert would require an enclosure and HVAC all year long for the wooden structure even if it had been built it would have been the cycling equiv of the Spruce Goose.

You need to shy away from thinking that racing your bike gives a person inside knowledge to fund raising or pro bike team management. Not true, lots of people who have done little riding do a great job for cycling causes all over the world.

If a place like this is ever built it need to have multi use from the start or it will fail big time. I ma not sure of the roller derby scene in NM but a wooden ring is pie in the sky.

LB and LA probably have learned their lesson about associating their names with any project. Sounds like there was fund raisers, check writers and cashers and lots of unethical behavior to go around. In this case those 2 clowns spent little time in the desert and even less time following up to make sure the goal was met. With the number of stars that live in and out of NM I would have thought they could have raised the money.

I have taken into account that your timeline has 10 years pass, the police look into it, and the main character as an AZ car salesman before JB was ever part of the clusterphuk.

People have tried to start camps in Holbrook and Winslow in old crappy hotels that didn't work either . The high desert is an awesome place to train just not a great place for a 10 million dollar velodrome with or without the snake oil people
 
Oct 18, 2009
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Mike Schatzman said:
When I read on Aprils Fool Day that Johan Bruyneel is planning to do "something great" with pro cycling – by breaking away from the UCI – I thought I would share about something “great” Johan did to my own city of Albuquerque New Mexico.

It's a long convoluted story -....................... Bla Bla Bla...................................
The Albuquerque velodrome, that was paid for by a public tax bond, was never built because they (Bruyneel, the Veloprt Corp, Mesa Del Sol and Mayor Chavez) wanted to wait to build it at Johan Bruyneel's own cycling university in a “new city” called Mesa Del Sol:
http://en.wikipedia.org/wiki/Mesa_del_Sol

Here is Bruyneel speaking to a Belgian newspaper on his cycling city:
http://forum.index.hu/Article/viewArticle?a=74829949&t=9005529

Tax return, showing 60k to Bernard Moerman, for hotel rooms that were supplied for free by a local sponsor:
http://nccsdataweb.urban.org/PubApps/showVals.php?ft=bmf&ein=203727741


I have much more on Johan, the Veloport, and how they – along with the city of Albuquerque - swindled the taxpayers into paying Bernard Moerman, Johan's childhood friend and owner of CyclingCenter.com, for training camps in Albuquerque.
Well if the city of Albequerqe and their leaders were stupid enough to rebuild their society using track cycling as a basis then, as you said, it was doomed to failure. From what you've said I can't see how Bruyneel has done anything wrong except from being enthusiastic when approached by these guys with their plan. After all they wanted him involved in the project not the other way around.
Perhaps you could share your "hard drive full of evidence". Otherwise I don't see where you're going with this.
 
Jul 14, 2009
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isayic said:
My advice:
Never trust Bruyneel!
:(

good advice German man. Do you have any of those water ski parks near you? The kind w the big telephone poles with a ski lift/pull cable systems. I want to return to your land of logic and get my self some Donner Kebabs and Pils.
 
Oct 8, 2010
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online-rider said:
Well if the city of Albequerqe and their leaders were stupid enough to rebuild their society using track cycling as a basis then, as you said, it was doomed to failure. From what you've said I can't see how Bruyneel has done anything wrong except from being enthusiastic when approached by these guys with their plan. After all they wanted him involved in the project not the other way around.
Perhaps you could share your "hard drive full of evidence". Otherwise I don't see where you're going with this.


Yes, you are correct. The visionary behind this failed velodrome project was none other than Pro Cycling Tour CEO (formerly Threshold) Dave Chauner.

According to this article Chauner was that main consultant for this failed velodrome project.
-----------

Mayor Chavez also announced that David Chauner, President and CEO of Threshold Sports has been hired to help the City plan and develop the project.

Mayor Chavez indicated that the City has hired Threshold to help prepare a comprehensive business plan, including analysis of the facilities and management structure to ensure world class stature and long term financial viability of the project. According to the Mayor, Threshold was hired based on the company's reputation for staging the nation's top professional cycling events and because of Chauner's key role in helping to develop Pennsylvania's Lehigh County Velodrome, recognized as the most successful outdoor velodrome program in the United States.


--------

Had these people from New Mexico done any due diligence, they would have known that Trexlertown loses over $100,000/year and has never been able to get out of the red in the past 10 years. The only reason Trexlertown hasn't been bulldozed and turned into a parking lot is because publishing magnate Rodale gave Trexlertown a million dollar trust fund that keeps being depleted by Marty "Martha" Nothstein's poor management skills.

In any event, this doesn't bode well for Chauner's new velodrome project in Coatesville, Penn., which appears to be another scam.
 
Oct 18, 2009
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TERMINATOR said:
Yes, you are correct. The visionary behind this failed velodrome project was none other than Pro Cycling Tour CEO (formerly Threshold) Dave Chauner.

According to this article Chauner was that main consultant for this failed velodrome project.
-----------

Mayor Chavez also announced that David Chauner, President and CEO of Threshold Sports has been hired to help the City plan and develop the project.

Mayor Chavez indicated that the City has hired Threshold to help prepare a comprehensive business plan, including analysis of the facilities and management structure to ensure world class stature and long term financial viability of the project. According to the Mayor, Threshold was hired based on the company's reputation for staging the nation's top professional cycling events and because of Chauner's key role in helping to develop Pennsylvania's Lehigh County Velodrome, recognized as the most successful outdoor velodrome program in the United States.


--------

Had these people from New Mexico done any due diligence, they would have known that Trexlertown loses over $100,000/year and has never been able to get out of the red in the past 10 years. The only reason Trexlertown hasn't been bulldozed and turned into a parking lot is because publishing magnate Rodale gave Trexlertown a million dollar trust fund that keeps being depleted by Marty "Martha" Nothstein's poor management skills.

In any event, this doesn't bode well for Chauner's new velodrome project in Coatesville, Penn., which appears to be another scam.

So Chauner somehow pocketed the money that the taxpayers gave him for the velodrome? Not that I would put it past him, or any business person, but is there any evidence that he did so? Perhaps the venture simply failed because it was a moronic idea in the first place.
 
Oct 8, 2010
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online-rider said:
So Chauner somehow pocketed the money that the taxpayers gave him for the velodrome? Not that I would put it past him, or any business person, but is there any evidence that he did so? Perhaps the venture simply failed because it was a moronic idea in the first place.

Absolutely, Chauner pocketed the money.

Chauner's modus operandi for these things operates much like a pump-and-dump stock scheme. He goes in there and fudges the numbers and exaggerates the projected revenue, ROI, and long-term viability as well as the increase in property value it will bring in order to get the politicians to jump aboard. And then when it fails he cashes out and leaves everyone standing with the debt. In this case, that debt was absorbed by the poor taxpayers of Albuquerque.

He's trying the same velodrome scam in Coatesville, Penn. which he's been trying to put together for 7 years now. The reason it is taking so long is because he can't find a sucker (investor) to pony up the money (Chauner won't do it himself because his scheme relies on others assuming the financial risk and loss he knows will eventually happen).

Chauner then convinces the investor to hire him as the expert consultant and when the project fails, he walks away with his 6-figure consultation fees and leaves the sucker investor holding the debt.

It's cycling's equivalent of a mortgage backed securities being intentionally overvalued at triple-A ratings by the credit agencies so when they fail, the scam artists who own the credit default swaps can cash out. On Wall Street, they call this the IBG way (short for "I'll Be Gone" by the time everyone realizes they lost everything).

Anybody who does even minimal due diligence will tell you the velodromes in Trexlertown and the indoor one in Carson, Calif. do not turn a profit. In fact, they all lose 6-figures a year, which is completely opposite of what Chauner tells these public entities in order to get them to invest public funds (usually by way of ballot referendum to float a public bond). First in line to get paid is Chauner for his consultation services.

State grants - from either Tourism or Redevelopment Zone Areas or matching grants - are also used to help augment the pot. Chauner and his co-conspirators then loot the pot and walk away, leaving the taxpayers standing once the music stops.

I honestly don't think Bruyneel was that close to the financing side of the project to be culpable for anything. He doesn't come across to me as someone who would orchestrate this out of the blue. What likely happened was Chauner and the rest used Bruyneel for the name recognition factor to get the public coffers wet and the cash flowing. Bruyneel was likely just as much of a victim as the taxpayers of Albuquerque.

If you go back and look at Chauner's economic impact projections for this velodrome in Albuquerque, you'll find he inflated them with all sorts of egregious exaggerations of millions of dollars of revenue that the velodrome would bring in to the city of Albuquerque along with all these new jobs that would be created.

Chauner makes up these numbers in his own mind. Recent studies have shown that even tried and true NFL stadiums and Major League Baseball stadiums with millions of dollars in gate receipts and sold-out concert venues end up costing taxpayers millions. But if you go back and read the economic projection reports that these stadiums were built upon, they are saturated with all sorts of inflated numbers and idealistic projections that nobody with a half a brain would ever buy into.

As P.T. Barnum once put it, there's a sucker born every minute.
 
Jul 14, 2009
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Cobblestoned said:
Can mods now change thread-title to "Mike Schatzman and his crazy scheme " ?

I'd also like to know what this is doing in Professional road racing. Nothing to do with road racing, nothing to do with professionals.
 
Mike,

There are a few reasons no one will touch your story.

-City elders involved. They are watching each others back all the way into law enforcement.
-Show me the money.
-Show me the crimes committed with meaningful penalties. You could try going for Federal charges, but you still need a solid case.
-The 'story' is unclear. Reporters are lazy. Your story is not formatted for mass consumption. You need to give them a pre-digested story, practically ready to print with one bad guy that isn't a city elder. Better yet, make the city elders sympathetic victims of the criminal's fraud. At least you'll get traction in NM.

You've got $60K accounted for. What about the other USD $9.4 million?

There's a Simpsons episode that vaguely mirrors this story: http://en.wikipedia.org/wiki/Marge_vs._the_Monorail That's a clue how often it happens.

Work the story out in this thread if the mods will allow it.
 
TERMINATOR said:
Absolutely, Chauner pocketed the money.

Chauner's modus operandi for these things operates much like a pump-and-dump stock scheme. He goes in there and fudges the numbers and exaggerates the projected revenue, ROI, and long-term viability as well as the increase in property value it will bring in order to get the politicians to jump aboard. And then when it fails he cashes out and leaves everyone standing with the debt. In this case, that debt was absorbed by the poor taxpayers of Albuquerque.

He's trying the same velodrome scam in Coatesville, Penn. which he's been trying to put together for 7 years now. The reason it is taking so long is because he can't find a sucker (investor) to pony up the money (Chauner won't do it himself because his scheme relies on others assuming the financial risk and loss he knows will eventually happen).

Chauner then convinces the investor to hire him as the expert consultant and when the project fails, he walks away with his 6-figure consultation fees and leaves the sucker investor holding the debt.

It's cycling's equivalent of a mortgage backed securities being intentionally overvalued at triple-A ratings by the credit agencies so when they fail, the scam artists who own the credit default swaps can cash out. On Wall Street, they call this the IBG way (short for "I'll Be Gone" by the time everyone realizes they lost everything).

Anybody who does even minimal due diligence will tell you the velodromes in Trexlertown and the indoor one in Carson, Calif. do not turn a profit. In fact, they all lose 6-figures a year, which is completely opposite of what Chauner tells these public entities in order to get them to invest public funds (usually by way of ballot referendum to float a public bond). First in line to get paid is Chauner for his consultation services.

Care to elaborate on the Carson story? I could never, ever figure out why AEG built it. It came as a complete surprise to me after many years away that there was still a velodrome in Carson.
 
Jul 17, 2009
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in other words: I don't like lance and I dont like Johan therefore everything he does sucks

blabla
 
Oct 8, 2010
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DirtyWorks said:
Care to elaborate on the Carson story? I could never, ever figure out why AEG built it. It came as a complete surprise to me after many years away that there was still a velodrome in Carson.

Sure. AEG was required to build a velodrome on that property. When the original velodrome was built in 1982, it was sponsored by 7-Eleven, which was big into cycling back then. 7-Eleven even had their own pro road team and junior team (Jonas Carney was on it back in 1987).

When AEG acquired the property rights, the deed on the land required that a velodrome always be built on the property, so AEG built an indoor one in the hopes of taking track cycling to a more corporate level. Note the new indoor velodrome built by AEG is a 250 meter track with a Siberian pine surface whereas the old Olympic velodrome sponsored by 7-Eleven was a much nicer 333.3 meter outdoor cement track. Naming rights have changed (Home Depot and ADT both purchased naming rights).

But if you look at the fiscals for the ADT center velodrome, it operates in the red, just like Trexlertown.

Yet Chauner uses the ADT Center and Trexlertown as reasons to justify towns and states sinking millions of taxpayer dollars into his new velodrome folly in Coatesville, Penn. He did the same thing in Albuquerque.

But anybody who does even basic due diligence will find that the velodromes in Trexlertown and Carson are alligators that eat through hundreds of thousands of dollars a year and simply do not turn so much as a dime in profit.

http://articles.mcall.com/2008-11-23/news/4249455_1_cycling-track-hartwell

As you can see from the above link, Trexlertown cannot be used as a model of fiscal success; neither can ADT Center in Carson. A company like AEG has a large enough portfolio of entertainment properties that generate positive cash flow so that it doesn't require all of them to individually turn a profit which is why they can absorb the running debt created by the ADT Center velodrome and still keep its doors open.

But Chauner is trying to convince cities that the velodromes in Carson, Calif., and Trexlertown are highly successful business investments, something which is patently false.


http://dailylocal.com/articles/2010/10/17/news/srv0000009689342.txt
http://www.procyclingtour.com/websi...119/1/Indoor-Velodrome-Gets-Closer/Page1.html
 

flicker

BANNED
Aug 17, 2009
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TERMINATOR said:
Sure. AEG was required to build a velodrome on that property. When the original velodrome was built in 1982, it was sponsored by 7-Eleven, which was big into cycling back then. 7-Eleven even had their own pro road team and junior team (Jonas Carney was on it back in 1987 as a junior).

When AEG acquired the property rights, the deed on the land required that a velodrome always be built on the property, so AEG built an indoor one in the hopes of taking track cycling to a more corporate level. Note the new indoor velodrome built by AEG is a 250 meter track with a Siberian pine surface whereas the old Olympic velodrome sponsored by 7-Eleven was a much nicer 333.3 meter outdoor cement track. Naming rights have changed (Home Depot and ADT both purchased naming rights).

But if you look at the fiscals for the ADT center velodrome, it operates in the red, just like Trexlertown.

Yet Chauner uses the ADT Center and Trexlertown as reasons to justify towns and states sinking millions of taxpayer dollars into his new velodrome folly in Coatesville, Penn. He did the same thing in Albuquerque.

But anybody who does even basic due diligence will find that the velodromes in Trexlertown and Carson are alligators that eat through hundreds of thousands of dollars a year and simply do not turn so much as a dime in profit.

http://articles.mcall.com/2008-11-23/news/4249455_1_cycling-track-hartwell

As you can see from the above link, Trexlertown cannot be used as a model of fiscal success. A company like AEG has a large enough portfolio of entertainment properties that generate positive cash flow so that it doesn't require all of them to individually turn a profit which is why they can absorb the running debt created by the ADT Center velodrome and still keep its doors open.

But Chauner is trying to convince cities that the velodromes in Carson, Calif., and Trexlertown are highly successful business investments, something which is patently false.


http://dailylocal.com/articles/2010/10/17/news/srv0000009689342.txt
http://www.procyclingtour.com/websi...119/1/Indoor-Velodrome-Gets-Closer/Page1.html

Sorry, not much money in track racing, except for Kerin and Six days. Glad to see velodromes put up , used, etc. Just don't know when the next Patrick Sercu or Boardman shows up. I would like my kids to ride them, or even a BMX track! What is your issue with velodromes anyway?
 
May 8, 2009
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Long sigh, followed by a whimper and a chug of some good beer,
Terminator seems to understand what he is talking about - the other posters,
probably a bunch of recreational freds from Australia that seem to be typical Bruyneel Chamois smellers (and there is nothing wrong with that) - but I think Bruyneel using his influence and fame, gained from a much more than questionable history, to trick a city and it's taxpayers into shelling out ten million bucks for a PROFESSIONAL world-class velodrome, is unethical and should at least be mentioned when the person - Bruyneel - is looking to take PROFESSIONAL cycling away from the UCI and into some other "scam" he is imagining.
So yes, this thread should never have been moved from PROFESSIONAL cycling, because
Bruyneel, Lance and Tailwind Sports are not about GENERAL CYCLING.
Bruyneel used PROFESSIONAL CYLING to convince Albuquerque taxpayers that his plan was legit, along with Chanuer, who used Tailwind Sports to do the same.
Please understand what you are talking about before posting, otherwise it's just a bunch of nonsense about equipment and hero-worshipping people.
Moderators on this forum are not omnipotent. I think there needs to be some checks and balances in place...
Mike Schatzman