California’s Irwindale Speedway Will Close To Become A Shopping Mall In January (Updated)If things go to plan, Irwindale Speedway won’t be around long enough to see its 2. Like too many other tracks in California, the speedway will become the state’s newest 7.

Jan. 3. 1, 2. 01. Employees at Irwindale weren’t expecting it to happen so soon. The San Gabriel Valley Tribune reports that a development company bought the track in 2. The track’s website still calls it a “brand- new, state- of- the- art, motorsports [and] entertainment event facility,” and the Tribune reports that the developer said it would allow racing to continue there until construction began on newer and more state- of- the- art mall.

While it might not be as brand new as its website makes it out to be, Irwindale is a fairly young track. The Tribune reports that it came around in 1. Irwindale, California area, which the Tribune says has had five different racing facilities. Things didn’t start out well at Irwindale, with the Los Angeles Times reporting that the first fatal wreck at the speedway happened opening day on March 2. Casey Diemert, 2. A later LA Times column, which will quickly turn your day somber, claimed that Diemert’s death wasn’t announced when all the fans arrived a few hours later.

Most read about it in the paper the next day, the column said, and the director of communication at the track reportedly told the LA Times there was “no need to say anything that night” because the crash happened before the crowd came. Three more drivers died between then and June of 2. LA Times reported.

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The track currently has a banked half- mile oval and a one- third- mile oval in use, according to its website. It also has parking for more than 3,0. In its track- info section on the website, the part explaining the reasoning behind Irwindale’s existence is particularly sad: In the past ten years motorsports has enjoyed phenomenal success and growth across the country .. While, at the same time, the Los Angeles area lost its last 1/2- Mile oval short track in 1. Irwindale Event Center is committed to bringing all the action, color, and excitement of close- up, paved oval racing back to Southern California. It did do that, for a few years. Local racing, major drifting events and NASCAR’s feeder K& N Pro Series West series all raced out there.

If things go to plan, Irwindale Speedway won’t be around long enough to see its 20th year in operation. Like too many other tracks in California, the speedway will. · It is safe to say that Margin Call was my most anticipated film of this year’s Sundance Film Festival. Having scored a spot on the buzzed-about 2010. The fidget spinner is a global phenomenon that has inspired thinkpieces about cultural anxiety, the changing retail landscape, and above all, whether or not it should.

Before an ambulance blocked pit road in Saturday’s NASCAR race and stacked up unsuspecting cars, there wasn’t much outside attention on medical transport at tracks. Set in the high-stakes world of the financial industry, Margin Call is an entangling thriller involving the key players at an investment firm during one perilous 24.

The K& N Pro Series ran a doubleheader at Irwindale in March of this year. Irwindale Speedway’s operator, Irwindale Speedway LLC, filed for bankruptcy in 2. Motor Authority reported at the time that track owner Nu- Way Industries was on a search for a new operator for the track, and decided on Team 2. Entertainment at the end of 2. The company doesn’t have much of an online presence, but its records in California say that it does event management and officially registered as a company in May of 2.

Curbed reported a few years ago that a developer bought the track at the end of Team 2. October of 2. 01. The developer, Lindom Company, announced that it planned to pave over the 6.

Lindom said racing would continue through December of 2. Racing continued for a lot longer than that, if there are any positives to take away from the news that another race track will soon become a huge mall. Even still, the announcement was so unexpected that Team 2. Here’s what Team 2. CEO Jim Cohan said in an emailed statement, via the Tribune: “In all honesty, we were here and in it for the long haul. In fact, we were in the process of putting out our complete schedule for the 2.

Cohan said in the statement. All that made this news very difficult for me to hear, and very hard on our whole team.”But it won’t be hard on the shoppers, or the bulldozers coming in to uproot the entire thing. Irwindale will be nothing more than a memory, slowly fading as each new generation files into the stores for another year of the latest fashion trends. What a sad, unfortunate way to go.

Update, Aug. 1. 1 at 8: 4. ET: Irwindale’s Vice President of Communications, Doug Stokes, responded to Jalopnik with some comments about what a great run it had. He also included the lovely photo you see underneath his comments with the email. What a cool dude. Yeah, the other shoe, after 5 years, has dropped, and we’ve been given a firm (0.

I’ve been told that the Outlet Mall plan has been scotched; but really don’t know what the “official” plans are for the property … an easy (and in my case uneducated) guess is something of an industrial nature. We had a hell of a good run here, the fans loved the place, a number of drivers got famous here, and Jason Torchinsky had naughty words on his race car that scared me for life …In all seriousness (which I can only maintain on a momentary basis) the team here did their best to put on a great show every time that we opened the front gates. Working under one of Damocles’ sabers was never a easy nor healthful deal anywhere anytime … having to constantly indicate that we were still here and operating was tiring. Expecting this news was always out there in the fog just beyond the property line. Here’s what he said his next adventures are, after Irwindale: Why Penske did not buy Saturn (at a fire sale price) is beyond me … Spring Hill would have made a great condo complex. Me? I’m going to take up spelunking (I’m starting small with the crawl space under my house, but have full expectations of Jalopnik carrying some of my personal tales of adventure as I progress to deeper and darker places). And here’s the photo.

Margin Call Movie Review & Film Summary (2. It may have happened something like this. Margin Call" depicts the last night of good times on Wall Street, as a deadly certainty travels up the executive ladder at an investment firm: Disastrous speculation in the mortgage markets is leading to the firm's collapse. We can still recall those days in the summer of 2. Obama- Mc. Cain campaign, when America seemed awash in prosperity, and the stock market was setting records. Then one firm after another was forced to declare bankruptcy, the nation's economic structure was threatened, and Congress ponied up its huge bailout.

Advertisement"Margin Call" begins on a day at an unnamed investment firm that must certainly have an inkling of what's coming, since 8. One of the victims is Eric (Stanley Tucci), a senior risks analyst who like many of his colleagues was incapable of seeing that the real estate market was built as a house of cards. Although writer- director J. C. Chandor's film has sympathy for most of its characters, it is important to remember that they all felt they had to play along with the deals that were bringing their firms such huge profits and bonuses.

On his way out the door, Eric slips a USB drive to Peter (Zachary Quinto), a younger analyst who wasn't fired. There's information on it that disturbs him. So it should. While the office is empty, and the survivors are out partying to celebrate not being fired, Peter realizes the firm and the market are clearly trembling on the brink. He contacts his supervisor, Will (Paul Bettany), who takes one look and calls his boss, Sam (Kevin Spacey). Others are called in for an all- night emergency meeting until at dawn as a helicopter brings in CEO John Tuld (Jeremy Irons).

You don't need to understand a lot about the markets to follow the film. John is a cool, polished Brit who likes to say things like, "Speak to me in plain terms," because his job requires him to manage the corporation but not necessarily understand its business. Indeed, as we now know, a fresh young college graduate could have looked at the balance sheets and clearly seen Wall Street was doomed. It is up to John to make the margin call. In other words, to order his company to start dumping worthless holdings before the word spread that they are worthless — essentially, betraying their customers. It has now been established that some firms created hedge funds intended to fail, so they could make money betting against them.

These they sold to their customers knowing they were worthless. Advertisement. I think the movie is about how its characters are concerned only by the welfare of their corporations. There is no larger sense of the public good. Watch House Broken Download Full there. Corporations are amoral, and exist to survive and succeed, at whatever human cost.

This is what the Occupy Wall Street protesters are angry about: They are not against capitalism, but about Wall Street dishonesty and greed."Margin Call" employs an excellent cast who can make financial talk into compelling dialogue. They also can reflect the enormity of what is happening: Their company and their lives are being rendered meaningless. This scenario was enacted at many Wall Street institutions on the autumn of 2. No particular firm is named, but doesn't it seem to you that the name of the Jeremy Irons character, "John Tuld," has an echo of Richard Fuld, CEO of Lehman Brothers, who collected enormous bonuses for leading his company into bankruptcy? Irons is sly in the role, a man who knows his own financial stability is unassailable, who considers his job as an amoral exercise, who has made it to the top by not particularly caring about people.

A great corporate executive must have a strain of ruthlessness. I also admired Kevin Spacey, who projects incisive intelligence in his very manner, and Demi Moore, as a senior executive who has risen to just below the glass ceiling and knows she will stay there. The physical world of the film itself is effective. It's all glass, steel and protocol, long black cars and executive perks, luxurious lifestyles paid for with what was inescapably fraud. One of the characters has a sick dog. The dog is the only creature in the entire film that anyone likes.