Of all the struggling racetracks in New England – and that’s most of them, I worry more about Waterford than any.
Terry Eames has now put himself back at the helm of the track he bought only a few years ago. That by itself creates a real uphill climb. It’s hard to justify (or afford) a modern mortgage on a shorttrack. The ones that seem to hang in there are the ones that have been in the family (whether personal or corporate) long enough to pay off their own notes. But Eames bought in at a particularly rough time – both for shorttrack racing and for the mortgage market.
Multiply all that with the mess he’s been left with after leasing the place off the last couple of years. There may not be a shovel big enough to pick up the garbage he’s left with.
I’ll give Terry the benefit of the doubt – he means well, even if he has promoter’s miopia when viewing the challenges he faces. So he better have a big benefactor up his sleeve, because the business will hit the fan in about five minutes, as measured when you don’t have enough time. Believe me, I know of what I speak, and I won’t ever criticize anyone for not keeping a going concern going these days – not with my track record.
But I wish him well.