Meadowlands Raceway

[Nascar24rainbow]

I decided to post this since if a track does come to New Jersey there will be a Winston Cup race there.I only live about an hour away from the Meadowlans and would love to see a race track there. The only problem I see with putting a race track there is the traffic problems.


Speedway Corp. submitting new plan for Meadowlands

By THOMAS S. BROWN,Business Writer

DAYTONA BEACH -- International Speedway Corp. is competing against proposals for office-hotel complexes, one with an artificial ski slope and another with an indoor auto race track, with its plan for a race track in the New York City area.

Speedway Corp. sought to stay in the race Tuesday by submitting a new proposal to the New Jersey Sports and Exposition Authority, the agency that governs the 700-acre Meadowlands complex in East Rutherford, N.J. The local race track operator has been trying to build one at the Meadowlands since 2000,

At least three rival bids are being made to redevelop a 100-acre segment of the complex, occupied by the Continental Airlines Arena. The New Jersey Nets and New Jersey Devils are leaving the aging arena and plan to relocate to a new sports hall in Newark by 2005. The authority is expected to pick the winning bid in December.

Details of Speedway Corp.'s proposal are expected to be released today at a press conference in New Jersey, said David Talley, the company's director of corporate communications.

The Bergen (N.J.) Record reported Wednesday two of the other plans given to the authority call for a combinations of hotels, offices, and recreation and sports facilities.

A $1.2 billion plan of the Arlington, Va.-based Mills Corp. and the Mack-Cali Realty Corp. of Cranford, N.J., envisions 1.7 million square feet of office space, a 520-room hotel, a manmade ski slope and an "extreme" sports area for skateboarding and skating, the Record reported.

Mills has built several huge malls with entertainment features, including Sawgrass Mills near Fort Lauderdale and three NASCAR Silicon Motor Speedway simulation parks.

An $825 million alternative, proposed by Hartz Mountain of Secaucus, N.J., and Forest City Ratner of Brooklyn, N.Y., calls for 2 million square feet in office space, three hotels with 1,300 rooms in all, a convention center and the indoor race track.

Both plans would dwarf what Speedway Corp. and its partner, New York developer Donald Trump, originally proposed in 2000 -- a $400 million motorsports track encircling the Meadowlands horse track. The Newark Star-Ledger reported Wednesday a new version of the Speedway Corp.-Trump plan has added a motorsports amusement park as a component.

Another developer bidding for the Meadowlands property is Westfield America, a subsidiary of an Australian shopping center company. Details of its plan were not released.

 

[HappyHour]

J E T S Jets Jets Jets...oops wrong sport..... At least green will be the favorite...

 

[71Fan]

Indoor Indoor Indoor!!!!!!!

Us construction types need that work

Bummer is that unless ISC gets the bid Winston Cup will probably not get to Jersey for some time to come. btw, I understand the France family fortune now exceeds

TWO BILLION FREAKING DOLLARS!!!!

One for Bill and one for Jim

 

[Nascar24rainbow]

International Speedway Corp.[ISC] revealed a $1.5 billion plan Thursday to build an 80,000-seat racetrack, plus offices, museums and a convention complex in New Jersey's Meadowlands complex. The plan, which would be Speedway Corp.'s most expensive venture ever, would begin with construction of an oval-shaped track, a store, a hospitality village, a cafe, two parking garages and a museum similar to Daytona USA, a corporate spokesman said. Those structures, costing roughly $500 million, would be built east of the existing horse track and football stadium, where the New York Giants and Jets play, in the 700-acre East Rutherford, NJ, complex. A light rail line would help bring in fans who preferred not to fight traffic on the New Jersey Turnpike. In later years, the Speedway project would add more grandstands to the track, plus a 500-room hotel and convention center, an office tower, a movie theater, a cluster of restaurants and additional museums devoted to horse racing and the National Football League. The future phases would pump up the project's total cost to $1.5 billion. Speedway Corp., which has been trying to build a track in the New York area since 1999, calls its newest property Garden State International Speedway. The overall development would be dubbed Sports City America. However, the company's dream of entering the lucrative New York area market depends on getting a green flag from the New Jersey Sports and Exposition Authority. Four other developers have submitted big-ticket proposals, ranging in cost from $41 million to $1.2 billion, for redeveloping the same piece of land. The sports authority is scheduled to pick finalists in October and settle on its favorite plan by the end of December. Speedway Corp. spokesman David Talley said the company has not formed any partnerships with other companies and is prepared to carry out the Meadowlands project by itself. Developer Donald Trump is continuing on the project as a consultant, Talley said. Construction likely wouldn't begin until 2005, the year when Continental Arena, an existing structure on the site, is scheduled to be demolished. Sports teams using the arena are making plans to move into a new facility in Newark.(Daytona Beach News Journal)

I can't wait till December to find out if we get the track or not. The only bumber is it is going to be another 3 or 4 years before we will see a race there.