AFM Repays Loan Taken Out To Purchase Airfence For Use At Infineon Raceway

AFM Repays Loan Taken Out To Purchase Airfence For Use At Infineon Raceway

© 2007, Roadracing World Publishing, Inc.

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American Federation of Motorcyclists (AFM) President Kevin Smith presents a check for $70,000 to Jere Starks and Sara Grafals of Infineon Raceway. The check ceremony represented the full payment, 18 months early, of the loan Infineon Raceway lent to the AFM for the Airfence project. The AFM had ordered 92 modules in October 2005 with the final cost being $83,280 including a transport trailer. Roadracing World purchased 10 modules of the 92 ordered. Infineon Raceway in December 2005 provided the AFM a loan of $70K that would be combined with donations already received by the AFM so the entire amount could be purchased up front. Infineon Raceway also agreed to provide storage and deployment at no cost to the AFM through 2008. Material was delivered in February 2006 and assembled in March 2006 by a host of volunteers from all over Northern California in time for a manufacturer’s test day for AMA teams. Mat Mladin took a tour of the track before the start of testing and provided input on recommended locations for the Airfence. The Airfence has been used for every motorcycle race and AMA test day since. The entire allotment is now available for rental by track day providers at Infineon, which has been a popular trend for 2007. AFM President, Kevin Smith said, “I never doubted that our racers would support fundraising for the Airfence. Being it was the biggest debt our small club had ever taken on, we thought it would take the entire three years to pay it off. Repaying the loan in half that time says a lot about our club and the local motorcycle community. John Ulrich kicked things off with his donation from the Roadracing World Action Fund and we’ve been absolutely overwhelmed at the support we’ve seen since then. We’ve reached a significant milestone, but there’s still more to do and as the fundraising continues, the goal will be to add even more protection.”

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