My boss' brother-in-law just built a sanctioned kart track here in Texas.. I'll see if he has any insight to licensing/costs/etc.
First thing I would do is find a suitable piece of land: 3/4 mile long X 300-500 yds..
Then ask the city if there are any noise violation constraints.
Also, check with insurance on liability for facility as well as for the employees you'd hire...
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