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

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The announcement comes after yearws of discussion about the possibility of a tracl opening inthe area, althouguh there was no word Wednesday of a NASCAdR commitment to the Aurora venture. . The facility announced Wednesday would be located in theplannesd 6,500-acre TransPort cargo-distribution development along Interstate 70 severalo miles east of Pena Bill Schuck -- whose company, , is the developer of TransPort -- is one of the principalsd involved in Wednesday's racetrack announcement. Schuck'w plans call for the track comples to includea one-mile oval speedway and a four-mile road course with room for 65,000 to 100,00p spectators.
The facility would accommodate a variety ofracinv types, including stock car, open midget, road racing, club and track rental, Kart racing and motorcycle racing. Schucko noted that the site is zoned forindustriao use, yet provides easy acces s to spectators. The announcement said TransPort is negotiatingwith "nationak and regional tourism attractions" and retailers to locater on the site along with the racetracjk "to create a true 'destination' entertainment and touris m opportunity." "The Schuck Corp.
, and its long-time financiao partners, will lead the private investment effort for the motoer sports complex and will work with a variety of nationall and local partners with motorr sports experience who are interested in establishing a nationapl racing venue in Colorado," the announcement "In addition, Schuck is working with Greg Stevinson, the Jeffersomn County real estate developer and on a variety of other development opportunities on the the announcement added. Gerry Freeman, a spokesman for the development group, said NASCAR's involvement isn't pivotal to starting the project.
"Theres are a variety of other motor racinh events that could be held at this he said. Financing will be a combinatiojn of private investors and which is yet to befullhy committed, although Freeman stressed that the project's organizersz do not see financing to be a He said a number of investore are waiting to jump on the project pending completionn of a final economic feasibility study, whichb is expected in a few Schuck's group also will seek financia help from local and state governmenyt shares of the federalk economic stimulus program as well.
The Colorado Legislature this mont passed a measure aimed at providing incentived for majortourism projects, with the possibility of a racetrack mentioned by lawmakers in arguing for its The measure, Senate Bill 173, awaits Gov. Bill Ritter's Sponsored by Sen. Jenniferd Veiga, D-Denver, SB 173 would allow local governments to work with the Coloradok Economic Development Commission to set up enterpris zones that help to defray the infrastructure and construction costw of majortourism projects. State sales tax revenues would help to fund the Lawmakers cappedthe measure's benefitsz at $50 million.