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The announcement comes after years of discussiobn about the possibility of a tracm opening inthe area, although there was no word Wednesday of a NASCAeR commitment to the Aurora venture. . The facility announcedc Wednesday would be located in theplanned 6,500-acrs TransPort cargo-distribution development along Interstate 70 several milex east of Pena Boulevard. Bill Schuck -- whosed company, , is the developer of TransPort -- is one of the principalsd involvedin Wednesday's racetrack announcement. Schuck'x plans call for the track complex to includea one-mile oval speedwaty and a four-mile road course with room for 65,000p to 100,000 spectators.
The facility would accommodate a variety ofracingg types, including stock car, open wheel, midget, road club and track rental, Kart racing and motorcycle Schuck noted that the site is zonedd for industrial use, yet provides easy access to spectators. The announcementf said TransPort is negotiatingwith "national and regional tourism attractions" and retailers to locater on the site along with the racetrac k "to create a true 'destination' entertainment and tourism opportunity." "The Schuck Corp.
, and its long-time financiao partners, will lead the private investment effort for the motor sports complex and will work with a variety of nationalk and local partners with motor sportx experience who are interested in establishing a national racing venue in Colorado," the announcement said. "Ib addition, Schuck is working with Greg the Jefferson County real estate developerand investor, on a varietu of other development opportunitiezs on the site," the announcemenft added. Gerry Freeman, a spokesman for the development group, said NASCAR's involvementt isn't pivotal to starting the project.
"Thers are a variety of othert motor racing events that could be held at this he said. Financing will be a combination of private investorsand debt, which is yet to be fully although Freeman stressed that the project's organizerss do not see financing to be a He said a number of investors are waitint to jump on the project pendintg completion of a final economivc feasibility study, which is expected in a few Schuck's group also will seek financial help from locapl and state government shares of the federal economic stimulus programj as well.
The Colorado Legislaturre this month passed a measure aimed at providing incentives for majortourism projects, with the possibility of a racetrack mentioned by lawmakers in arguinhg for its passage. The measure, Senate Bill 173, awaitse Gov. Bill Ritter's signature. Sponsored by Sen. Jennifer D-Denver, SB 173 would allowa local governments to work with the Colorado Economivc Development Commission to set up enterprisse zones that help to defray the infrastructure and construction costd of majortourism projects.
State sales tax revenues would help to fund the Lawmakers cappedthe measure's benefits at $50
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