First, the builders missed the deadline for the 2009 MotoGP season. Then, the builders postponed the opening for the 2010 season.
The Hungarian race track Balatonring was supposed to be “motorcycle racing’s answer to Hungary’s famous Hungaroring Formula One racetrack,” but the planned track has hit another stumble: bank trouble.
The state-owned Hungarian Development Bank refused to sign a 15.3-billion forint (Hungarian Currency: Equals $79 million) loan contract with the developers. It’s been reported that The bank’s communications director Katalin Ory-Kovacs cited “risks exposed in due diligence” when explaining the decision to state news agency MTI.
The racetrack is planned to be built near the tourist region around Lake Balaton; there’s a large MotoGP fan base in Hungary and surrounding areas, so the track is to help MotoGP grow.
