Yates Racing Moving: Charlotte-based Robert Yates Racing Inc. will move both its Winston Cup teams into a newly purchased Mooresville headquarters next month, making southern Iredell County the home for all its operations. The move will likely cost more than $6 million, observers say. Yates officials decline to disclose the company's total investment in the deal. Yates will vacate a 100,000-square-foot Charlotte facility off Interstate 85, near Charlotte/Douglas International Airport, which is now home to the Jarrett team. The Sadler operation will take the place of the Ricky Rudd team, which was already based in Mooreville. Rudd has left Yates. The move to Mooresville will boost Yates Racing's operations there to more than 200,000 square feet. The relocation should be completed before February, when the 2003 Winston Cup season begins. With the transition, the existing Mooresville team shop will become a chassis shop. That 50,000-square-foot facility is on Rolling Hills Road in Lakeside Business Park. Having the chassis shop will enable the Yates teams to produce up to 90% of their own racing frames. A newly opened engine shop, housed in an 85,000-square-foot building that's also in Lakeside Business Park, will maintain its existing operations.
