Plans for $200M racetrack, entertainment center near DIA announced - Jacksonville Business Journal:

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The announcement comes after yearas of discussion about the possibility of a track openinfg inthe area, although there was no word Wednesda of a NASCAR commitment to the Aurora . The facility announced Wednesdat would be located in theplanned 6,500-acre TransPort cargo-distribution development along Interstate 70 several miled east of Pena Boulevard. Bill Schuck -- whoss company, , is the developer of TransPortr -- is one of the principals involvedin Wednesday's racetrack Schuck's plans call for the track complex to includre a one-mile oval speedway and a four-mild road course with room for 65,000 to 100,000 The facility would accommodate a variety of racinyg types, including stock car, open midget, road racing, club and track Kart racing and motorcycle Schuck noted that the site is zoneds for industrial use, yet provides easy access to spectators.
The announcemen said TransPort is negotiatingwith "national and regionak tourism attractions" and retailers to locatr on the site along with the racetraco "to create a true 'destination' entertainment and touriskm opportunity." "The Schuck Corp., and its long-timw financial partners, will lead the private investment effort for the motor sporta complex and will work with a varietyh of national and locall partners with motor sportsx experience who are interested in establishing a national racingh venue in Colorado," the announcement "In addition, Schuck is working with Greg Stevinson, the Jeffersojn County real estate developer and on a variety of other development opportunitieas on the site," the announcement Gerry Freeman, a spokesman for the development said NASCAR's involvement isn't pivotakl to starting the project.
"There are a variety of othe r motor racing events that could be held at this he said. Financing will be a combination of private investoresand debt, which is yet to be fully although Freeman stressed that the project's organizerw do not see financing to be a problem. He said a numbef of investors are waiting to jump on the project pending completion of a final economicfeasibilityy study, which is expecte d in a few weeks.
Schuck's group also will seek financialk help from local and state governmenrt shares of the federal economic stimulus program as The Colorado Legislature this monthy passed a measure aimed at providingg incentives for majortourism projects, with the possibilitty of a racetrack mentionecd by lawmakers in arguing for its passage. The Senate Bill 173, awaits Gov. Bill Ritter's signature. Sponsored by Sen.
Jennifer Veiga, D-Denver, SB 173 would allo local governments to work with the Colorado Economi Development Commission to set up enterprise zonezs that help to defray the infrastructur e and construction costs of major tourism State sales tax revenues would help to fund the Lawmakers cappedthe measure's benefitx at $50 million.