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Old 10-16-2008, 04:21 PM   #1
EMPOWERD
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NEW TRACK! Niagara Falls International Speedway

This is what i've found so far...

It's going to be called the Niagara Falls International Speedway. The track will consist of a 1.5 Mile oval, and a 1/4 mile drag racing track.

Seating capacity of 60,000 fixed permanent seats, not counting the grassy areas. There's an infield for road racing type of activities, plus an NHRA approved drag strip.

it's located between Niagara Falls & Fort Erie on a 70 Hectare parcel of land.

Quote:
A Kuwaiti investment bank is leading a group that plans to spend $200 million (Canadian) to build a NASCAR-ready race track and entertainment complex in Fort Erie, Canadian officials announced today.
The consortium from the Middle East and Canada says it will build the 65,000-seat facility on a 623-acre parcel it has purchased just off the Queen Elizabeth Way in Fort Erie.
Investors and local officials say the racing complex will attract new visitors to Ontario, creating 1,200 jobs and generating $34 million (Canadian) in new tax revenue, according to a news release from Bayt Al Mal Investments, the Kuwaiti Islamic investment bank.
"The region will receive a huge shot in the arm through increased economic development and tourism," Peter Partington, the Niagara regional chairman, equivalent to the Erie County executive, said in a statement today issued prior to a news conference in Fort Erie.
The investment group is building the track to the specifications required to host a NASCAR race, and investors hope to persuade NASCAR's governing body to bring a Sprint Cup Series race to the track. NASCAR officials have said in the past that they want to hold a top-tier race in Canada.
About 1,200 people would be hired to build the track, located less than four miles from the border with New York. Another 120 full-time employees would operate the facility.
The complex could be expanded from 65,000 to 100,000 seats, and it will contain both a one-mile oval track and a 2-mile road course.
Fort Erie Mayor Douglas Martin has been working with Bayt Al Mal for the past 18 months. The other partners in the investment group were not identified.
Martin and economic development officials from the region and the province were in Dubai last week meeting with members of the investment group in an effort to close a deal.
Local officials say the investment in the motor-speedway complex will be the first of many linking Ontario to the Middle East.
"Bayt Al Mal did their homework, recognized Ontario's tremendous potential and made a wise decision to invest here," said Sandra Pupatello, Ontario's minister for international trade and investment.
swatson@buffalo.news
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Old 10-16-2008, 04:31 PM   #2
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AWESOME!

You best be buying land or houses up there to rent to race fans! This is why the Niagara Region is booming... hungry governement!
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Old 10-16-2008, 04:36 PM   #3
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Nice. Its about time they open a high speed track. I always knew that the Downsview thing would never happen. Any idea when this project will be complete?
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Old 10-16-2008, 04:59 PM   #4
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This is great news!!
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Old 10-16-2008, 05:26 PM   #5
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Quote:
Originally Posted by EMPOWERD View Post
This is what i've found so far...

It's going to be called the Niagara Falls International Speedway. The track will consist of a 1.5 Mile oval, and a 1/4 mile drag racing track.

Seating capacity of 60,000 fixed permanent seats, not counting the grassy areas. There's an infield for road racing type of activities, plus an NHRA approved drag strip.

it's located between Niagara Falls & Fort Erie on a 70 Hectare parcel of land.
Perfect spot for next yrs Bimmercruise
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Old 10-16-2008, 05:58 PM   #6
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Is there going to be a road course or is this purely for Nascar / Drag racing fans?
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Old 10-16-2008, 06:06 PM   #7
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Originally Posted by Chris_Bangle View Post
Is there going to be a road course or is this purely for Nascar / Drag racing fans?
Quote:
The track will consist of a 1.5 Mile oval, and a 1/4 mile drag racing track.

Seating capacity of 60,000 fixed permanent seats, not counting the grassy areas. There's an infield for road racing type of activities, plus an NHRA approved drag strip.
Makes sense that an investment bank from an oil country would fund the building of race tracks.
Another flat road course thou? C'mon we need another Mosport or Calabogie style track!
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Old 10-16-2008, 06:23 PM   #8
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Nice! Good to see another track in the works.

When's it going to be completed?

I still wish they would do the Downsview park thing. Id spend my whole summer there lol.
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Old 10-16-2008, 07:18 PM   #9
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sweet
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Old 10-16-2008, 08:32 PM   #10
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Hip hip hooray for redneck racing...

*yawn*
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Old 10-16-2008, 10:55 PM   #11
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Oval FTL
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Old 10-17-2008, 04:04 PM   #12
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Quoting myself for not being able to read.

Now I'm excited!
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Old 10-17-2008, 08:43 PM   #13
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Originally Posted by doogee View Post
Quoting myself for not being able to read.

Now I'm excited!
this is great news the only thig is thee are going to be more muscle at that track then import tuned cars knowing the area and such. but cant wait hopefully ill be out of the e30 and into e36 soon
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Old 10-17-2008, 09:50 AM   #14
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am I the only one that knows how to read here?

Quote:
The complex could be expanded from 65,000 to 100,000 seats, and it will contain both a one-mile oval track and a 2-mile road course.
Fort Erie Mayor Douglas Martin has been working with Bayt Al Mal for the past 18 months. The other partners in the investment group were not identified.
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Old 10-17-2008, 12:27 PM   #15
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Infield 2.5 mile road coarse...obviously no elevation changes but I am sure it will use some of the oval banking like Daytona!
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