It typically costs about $100,000 per mile for two-lane pavement. To build a four-lane track for drifting, expect to spend $200,000 per mile. Four lanes prevent drivers from going off track when drifting across lanes.
Standard Racetrack Expenses
The interesting aspect is the cost to build a standard racetrack. In the U.S., it will cost at least $7 million. A four-mile, four-lane paved track would likely exceed $1 million, before buying land or ongoing maintenance.
Variability Factors
Building costs vary greatly depending on the track. An automotive track costs at least $700,000, with most in the millions. Smaller dirt bike or R/C tracks are cheaper. Factors like location and length also impact building costs. For example, a 400-meter polyurethane track typically runs around $1 million in the U.S. Resurfacing an existing 400-meter track is about $300,000.
Land, size, materials, and construction influence overall expense.
Long-Term Ownership Costs
Owning and operating a track long-term adds more costs. Insurance, staffing, equipment, and upkeep need consideration.