Home » Willow Springs Might Be The One Thing In The Car World That Private Equity Doesn’t Destroy

Willow Springs Might Be The One Thing In The Car World That Private Equity Doesn’t Destroy

Willow Springs Ts2
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1952 was a pretty crazy year. Elizabeth the Second became the queen in the UK, the U.S. detonated the first ever hydrogen bomb, The Today Show debuted, and, arguably, the scariest of all, is that it was a leap year. Along the way, something important happened for us car fanatics, too, and that was the construction of “The Fastest Road in the West,” which you may know by its official name: Willow Springs International Motorsports Park. Okay, maybe you haven’t heard of it, but you’ve likely seen it! Its proximity to Los Angeles made Willow Springs a lightning rod for car culture along the coast, with YouTube channels from Hagerty to Donut to Throttle House all filming there at certain points. The track is also a backdrop for numerous films, including Ford v Ferrari, which used Willow Springs to tell the true story of how Ford was so filled with American rage that it built the GT40 (which extensively tested at Willow Springs), to kick the Prancing Horse’s rear.

In 2024, the historic track was listed for sale, and it created a bit of panic in the SoCal car community, considering other local tracks like Fontana and Irwindale closed shop and are in various stages of redevelopment or demolition. Thankfully, the track was bought in part by Porsche restomod brand Singer Vehicle Design and *checks notes* a private equity firm? Shit. Surely this will be horrible for everyone involved, right?

Vidframe Min Top
Vidframe Min Bottom

“You can do a lot by honoring people’s interests and also make it profitable,” said Scott Patton, a partner at PE firm CrossHarbor Capital Partners. “I’m sure, over time, pricing will evolve, but the intent is to make it both a very viable, very robust public asset and for people to be able to engage here, whether they’re a member or not.”

Photo: Griffin Riley
The crowd came out to play. Scott Paton told me they were limited by the county to 5,000 attendees, which they quickly hit when tickets went on sale. Photo: Griffin Riley
Photo: Griffin Riley
A family watches kids send it around the kart track at Willow Springs. Photo: Griffin Riley
Photo: Griffin Riley
The grandstands around Big Willow were all pretty dang packed, as was the car show near turn 1. Photo: Griffin Riley
Photo: Griffin Riley
Fans watch as a NASCAR Stock Car speeds towards turn 1 of Big Willow. Photo: Griffin Riley

The use of the word “member” might make your stomach turn a bit with thoughts of private country clubs or a parallel like Thermal Club, where we got hands-on with the Mustang GTD. But events like Saturday’s “Willow Springs Reimagined” really gave the vibe that CrossHarbor wants to keep this place open and available to the public.

“When you walk around here, 90% of the people are buying public access tickets. That body heat is absolutely crucial,” he said. “The place doesn’t feel the same without it, so that will always be a really important part of the element of the place.”

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Photo: Griffin Riley
Attendees gawk, drool, and generally stand in befuddlement at the Czinger 21C’s organic-looking frame. Photo: Griffin Riley
Photo: Griffin Riley
Even the gift shop was packed to the gills. Seriously, everyone in this photo was in a line that had to snake around the entire shop. Photo: Griffin Riley

Paton told me the firm specializes in “experiential real estate,” specifically mentioning their experience with ski resorts like the Yellowstone Club in Montana, which I’m sure John Dutton has beef with. While properties like a ski resort would surely give them the knowledge on how to approach such a massive endeavor, Paton admits they don’t have automotive expertise, which is where Singer comes in.

“You want to bring the people who have real, authentic interest in whatever that interest is you’re trying to cultivate, and no one has more enthusiasm than Maz,” he said of Singer CEO Mazen Fawaz. “So we bring them in as partners, we bring [Sonoma] Speedway in as a partner. You want it to deliver the best, you’ve got to bring the best together, and that’s what we do.”

I don’t know the level of PR training that Paton has, but I really did get the vibe that there’s a care at preserving the communal aspect of the track, which I’m sure is what families like the Schumans would like.

Photo: Griffin Riley
Photo: Griffin Riley

“To tell you the truth, I’m really excited,” said Fred Schuman, who was there with his wife, Suzanne, and daughter Lauren. “We come to this track a lot, and it’s been for sale for a long time, and it’s really exciting to see that Singer [and others] got together and bought this track and are going to make something bigger out of it.”

Apologies to Lauren Schuman (left) for only getting a photo with her hair in her face. I should’ve taken another, you were right. “I first drove this track in 1986,” said Suzanne.

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“I’m about the same,” said Fred, adding, “and then we hadn’t returned for a long time, then, and 10 years ago, we got really into it.”

The couple is members of the Porsche Club of America, with pops owning a GT4 and mom owning a 911S. Coming here for as long as they have, they can really speak to the changes that the place has undergone, and the differences are super apparent.

“I was only here at a Big Willow about three months ago, and it didn’t look anything like this,” Fred said. “None of the buildings were here. They hadn’t fussed with Streets [of Willow] at all yet.”

Photo: Griffin Riley
This building was one of the handful of new ones that Schuman was referring to. It’s a part of the VIP Singer area by the main track, Big Willow. Photo: Griffin Riley
Photo: Griffin Riley
Those buildings had one of their restomod 911s out front. To put the high-end costs in perspective, models like this one usually start around a million per. Photo: Griffin Riley

All over the place, there’s something new to see: repaved tracks, revamped karting area, buildings where the Singer’s VIPs were hanging out that I assume will stay more VIP focused, and even a super swanky clubhouse area near the renovated Streets of Willow, which is where people like Sanford Mann were going for rides in Porsche GT4 Clubsport Cars.

Photo: Griffin Riley
Mechanics prep the GT4RSes for another run around the repaved Streets of Willow track. Photo: Griffin Riley
Photo: Griffin Riley
Two GT4RS Clubsport cars sit on the frankly stunning and brand-new paved runoff area at Streets of Willow. Photo: Griffin Riley

“We actually were invited by Singer, and we took our own vehicles out,” Mann said before talking about a lead-follow hot lap experience that was open to some of the VIPs. “We thought we were pushing some edges, and then going into the GT4 club sport with a professional driver was a whole different level.”

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Mann is the Chief Executive Officer at American Hartford Gold, a company focused on gold and silver retail. If the Schumans represent the everyday person that have kept this track alive for years, then Mann is absolutely the new money that investors also want to target.

“I’m about to go to the real estate tour for a membership,” Mann said. “Fifty home sites or something like that, and then there are two levels of membership. One is a member, second is a member-owner. I figure I have a ski house in Deer Valley, why don’t I have a race house?”

Photo: Griffin Riley
While it’s not the real estate that Mann was referring to, this was the VIP clubhouse that they were able to hang out in before taking a ride around Streets. There’s a full bar on the left by the gentleman in the white shirt, for reference. Photo: Griffin Riley
Photo: Griffin Riley
I wholeheartedly believe the furniture in this small portion of the clubhouse is worth more than a year of my rent. Photo: Griffin Riley

The businessman, who has a Singer that’ll be finished in Spring with a second on the way, was a first-time visitor to the track who only knew it from time in his full motion racing simulator and from Ford v Ferrari, but the remodel definitely scratched the itch for him.“What’s interesting to me is even with the remodel, it still has all the heritage and the look of Willow Springs,” he said. “This is a racetrack that had no barriers, so when you lost it, you lost it,” going on about how nice it is that runoff has been added to the Streets of Willow to make it more comfortable for drivers with different experience levels.

Mann mentioned he chatted with Singer founder Rob Dickinson in Monterey, where he was shown early plans of the track by the automaker.

“I said, ‘Did you leave turn nine?’ He goes, ‘I did.’ I go, ‘you’re gonna slaughter people. That’s fucked up. That’s just nasty.”

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Big Willow Map 1
Here’s an official track map so you can see it in context of the rest of the track. Credit: Willow Springs Raceway.

For reference, turn nine is the final part of the track that features a very high speed, very long hairpin before the front straight that suddenly tightens a lot. A lot of people are surprised by that suddenly sharp apex, leading to a lot of folks going off and eating dirt and bushes at the turn’s exit. It’s horrible, I hate it, everyone hates it, and it would make perfect sense to add runoff there. So why aren’t they doing it? From Mann:

“He said no. We want to keep the original integrity of the track. And that was awesome.”

Photo: Griffin Riley
The GT4RS Clubsport cars barrelling down the front straight of Big Willow during Saturday’s event. Some of them were driven by famous racers, including Formula 1 World Champion Jenson Button and seven-time NASCAR Cup Champion Jimmie Johnson. Photo: Griffin Riley
Photo: Griffin Riley
Jenson Button (second from left in the white shirt) joins the gents from The Smoking Tire for a live recording of their podcast. Photo: Griffin Riley

The presence of people like Mann shows investors that interest in a newer, upmarket Willow absolutely exists in the high rollers, and the 5,000 people in attendance prove that there is a grassroots love of the track, too. I just hope that new owners like Paton recognize that and see how both of those worlds can coexist at Willow. But maybe take a word from Suzanne and Fred’s daughter, Lauren:

“Maybe update those bathrooms a little bit.”

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Paton said that the sequence of remaining renovations isn’t yet solidified, but one of their focuses in the future is renovating Big Willow and making the facility safer for all.

And Here Are More Photos To Get You On Your Way

Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley
Photo: Griffin Riley

Top graphic photo: Griffin Riley

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1913Jalopy
Member
1913Jalopy
1 month ago

“I’m sure, over time, pricing will evolve[…]”

And there’s the PE philosophy leaking through

RC in CA
RC in CA
1 month ago
  1. Private equity. It will rear its head at some point and demand its pound of flesh.
  2. Everything I’m reading and seeing in this article steers me towards the thought Willow Springs is going to become another Aspen. Only the rich need apply.
Black Peter
Black Peter
1 month ago
Reply to  RC in CA

I’m more skeptical after seeing the photos, however, is there more profit in regular low dollar admissions or sporadic high dollar memberships? I have not idea, but if they decide the later, they will have bled it dry in 5 years and it’s gone.

Dan1101
Dan1101
1 month ago
Reply to  RC in CA

Yeah I suspect there will be a few incidents and at some point they will decide this would be a lot more fun with the poors around. But looks really neat for now at least.

Wuffles Cookie
Wuffles Cookie
1 month ago

A) I am skeptical this won’t turn out to be the usual PE bait-and-switch.

B) “Private Equity” is way to generic of a term that’s getting horribly misued these days. Private equity just means any investment not in public markets. Parents giving their kids 10 grand to start a garage business is technically private equity (and in the mid 1900’s that’s mostly what the term referred to). What the “PE” firms do where they use a company’s own assets to buy them out, kick out fat recap dividends, and then leave the debt-ridden corpse a husk of its former glory used to be called Corporate Raiding, and I propose we return to that term.

Andreas8088
Member
Andreas8088
1 month ago
Reply to  Wuffles Cookie

I agree with that. I think we should quit with the “private equity firm” euphemism.

Joe The Drummer
Joe The Drummer
1 month ago

“I figure I have a ski house in Deer Valley, why don’t I have a race house?”

If the American Dream is to own a home and raise a family and be independent, surely this is the American Fantasy. Fully approved.

Top Dead Center
Member
Top Dead Center
1 month ago

Having been around or at companies that were purchased or sold to PE, or part of a PE deal (most of which are automotive industry) the initial hype and start is usually great and all smiles and upbeat… What comes next to get the value of the asset purchased/sold is when the mask comes off, and it’s usually Medusa having a bad hair day to the third power. But… I hope I am proven wrong on this and it works out for the all and a track is saved…

TheHairyNug
TheHairyNug
1 month ago

Genuinely read the banner as ” Car Show At Willow “

Black Peter
Black Peter
1 month ago
Reply to  TheHairyNug

me too, what am I missing?

TheHairyNug
TheHairyNug
1 month ago
Reply to  Black Peter

with the quotes! haha

Black Peter
Black Peter
1 month ago
Reply to  TheHairyNug

OH!! lol
I went back and forth up to the banner, to your comment about 5 times..

1978fiatspyderfan
1978fiatspyderfan
1 month ago

Never going to work. Cross Harbour using their experience at Yellowstone shows why. If they can’t keep a cartoon bear from stealing picnic baskets how on the hell are they going to run this? Hell you know the bear, how many bears are running around wearing a tie and a hat?

I forgot to add this is a joke because several people on here think I actually mean posts like this if I don’t post I was joking.

Last edited 1 month ago by 1978fiatspyderfan
Joe The Drummer
Joe The Drummer
1 month ago

“Hey, Booboo! You’re going to have to shave a few tenths of a second off those lap times if you’re ever going to get away with that pic-a-nic basket!”

Zeppelopod
Zeppelopod
1 month ago

Ranger Smith going for the overtake in his surplus Korean War era Jeep

DONALD FOLEY
Member
DONALD FOLEY
1 month ago

The private equity involvement does not bode well. And I join those who see this an unwelcome step toward a reserve only for the wealthy.

RC in CA
RC in CA
1 month ago
Reply to  DONALD FOLEY

The Aspen of race tracks.

VintageRacer
VintageRacer
1 month ago

I do know that the new ownership group has raised the track rentral fees quite a bit. They had been at $12k for a 3 day event and they’re going to $35k for the same 3 day event next year. And that’s with no re-pave yet at Big Willow through 2026. My understanding is the plan is to shut down for 18 months starting in 2027 to do the work. Just wondering how long the club level groups will be able to continue using the facility?

RC in CA
RC in CA
1 month ago
Reply to  VintageRacer

None of the smaller, non-exotic sports (read rich people) car clubs, will be able to afford that.

FastBlackB5
FastBlackB5
1 month ago

I get that saving a track is a good thing, but this already looks like a situation where they are outlining a rich people playground, and selling the rest as a “brand” to people who can now not afford to enjoy track time. “but I have the T-shirt”, I used to take my civic there, but I can’t afford the membership”. Singer being part of it makes me more sure, not less that it will be for only the rich.

LTDScott
Member
LTDScott
1 month ago

I didn’t attend the event and I admittedly don’t know full details of Singer’s plans but I’ve already seen complaints from those who did that while private equity isn’t destroying WSIR, it’s certainly raising the bar for entry. I heard that they’re removing the Balcony and that drifting will no longer be allowed on Streets. WSIR desperately needed some improvements but I dunno if I’m on board with this.

LTDScott
Member
LTDScott
1 month ago
Reply to  Griffin Riley

At the end of the day it’s a race track. If you choose to live next to a race track, you choose to live next to noise and smells, whether those be from loud race engines on 110 octane screaming around the track or from burning tires on a drift sled. Cutting out drifting seems like an elitist move.

FastBlackB5
FastBlackB5
1 month ago
Reply to  LTDScott

Drifters are mostly lower cost, they look beat, and they don’t spend money on suits and $35 burgers for lunch. Of course they don’t want them bringing down the “value” of the experience.

LTDScott
Member
LTDScott
1 month ago
Reply to  FastBlackB5

I don’t deny that, but it just reinforces my original point.

1978fiatspyderfan
1978fiatspyderfan
1 month ago
Reply to  FastBlackB5

Then do it on a Tuesday when otherwise you would be closed.
I do wonder if a track owner could profit by buying several slow cheap cars and rent out time racing on the track after signing a waiver.

Last edited 1 month ago by 1978fiatspyderfan
1978fiatspyderfan
1978fiatspyderfan
1 month ago
Reply to  FastBlackB5

But maybe fans would pay to watch?

StillPlaysWithCars
StillPlaysWithCars
1 month ago

“Willow Springs Might Be The One Thing In The Car World That Private Equity Doesn’t Destroy”. I guess you hedged with the use of the word ‘might’ but man it’s doing some heavy lifting here.

LionZoo
Member
LionZoo
1 month ago
Reply to  Griffin Riley

The problem with that is track rental fees for next year are shooting waaaaaay up. The rental fee for Streets of Willow is *tripling* while the rental fee for Big Willow (keep in mind, no improvements) is more than doubling. Once they repave Big Willow, I’m pretty sure they’ll also end up tripling the fees on that track from where they are now.

Comparing that to rental fees at, say, Buttonwillow or Chuckwalla, and the new Willow Springs fees are significantly higher. I know they need to justify their investment, but most organizations (probably including ours) cannot afford to host events at Willow Springs with those prices. Our client base just cannot pay that much.

Being reasonable, I *think* we could make Streets work at double its current price. Triple its current price and you’re either gonna pack out your events to the gills with cars (providing a terrible experience for all) or are looking at a $500 day just for registration, excluding gas and consumables.

William Domer
Member
William Domer
1 month ago
Reply to  Griffin Riley

My guess is that a PE firm will not be concerned about your sadness. In my thoughts a PE is a Trojan horse, a big shiny object that gets everyone’s immediate attention, then unloads overnight and the contents kill everything in sight

CSRoad
Member
CSRoad
1 month ago

I enjoyed this, good to see a track not just surviving, but planning for the future.

There are some great pictures there too bad there is not text attached other than the attribution to the last ones. Good to see an Iso Rivolta, I think that’s worth a line of text or a least a couple of words.

NewBalanceExtraWide
Member
NewBalanceExtraWide
1 month ago

One of my favorite music videos was filmed here: https://youtu.be/n3DF7Mufmhw?si=-Ms68ZTQQLjtJ_pJ

AssMatt
Member
AssMatt
1 month ago

Wow, I’d never heard of the Amps. What a great Deal!

Spopepro
Member
Spopepro
1 month ago

Yes, very very trained in PR. But “pricing will evolve” almost certainly means “we will take losses to acquire a captive consumer group and then exploit them.”

The only way I could see this more or less working as they describe is to acquire more tracks. About the only ski resort company making real money is Vail, and since they’re public they tell you how they do it: https://investors.vailresorts.com/static-files/3878932b-b689-480d-b3ff-12ba6ae740e1

To a large extent memberships, a network of tracks to create perceived value that most will never use, big ticket ancillary offerings, and monetizing off-peak times is probably the only way to make money.

Keith Tanner
Keith Tanner
1 month ago
Reply to  Spopepro

Thanks for that Vail link. As a Colorado skier who’s been priced out of the market, that’s really interesting. “Lock them in and raise the prices faster than inflation because nobody’s making more ski areas”. Hmm, sounds like a racetrack…
23 years ago, I could buy a 10 day pass for Telluride for $300. Now it would cost me $1200, more than double the rate of inflation – and paying walk up prices would be $2450.

Last edited 1 month ago by Keith Tanner
RC in CA
RC in CA
1 month ago
Reply to  Keith Tanner

“Priced out of the market”. You crystal ball just showed you Willow’s future.

Data
Data
1 month ago

Doc Hudson lives!

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