Possible New Minnesota Motorsports Complex
Tuesday, October 13, 2009
The International Motorsports Entertainment and Development Corp. has plans to bring a $500 million motorsports complex to Minnesota. Will it happen?
Reports are floating around that a $500M motorsports complex could possibly be erected in Minneapolis, Minnesota, featuring everything from a 1-mile “Indy-style” oval to a 2.5-mile road course and NHRA-spec quarter-mile drag strip, as well as restaurants and vendor areas.
According to a report in the Minneapolis/St. Paul Business Journal
, The International Motorsports Entertainment and Development Corp. has plans to bring a $500 million motorsports complex to Minnesota and has recently pegged a 585-acre site in Arden Hills for the project.
The reports states that NorthMarq Real Estate Services is acting as the group’s broker, while M.A. Mortenson Co. has been tapped to be the general contractor on the project, and Baskervill will be the track-designing architect.
While it’s still pending approval from the city, more information can be found at: www.intmotorsport.com
. It will no doubt be interesting to see what the outcome is. We will be sure to keep you updated.
*Note: Big thanks to Mike Sponseller for the lead...