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10-16-2008, 04:21 PM
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#1
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Senior Moderator/Event-Coordinator
Join Date: Dec 2001
Location: Mrs. Sauga
Posts: 9,953
Car: E46 M3|E93 335i|GT2
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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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My YouTube video
-- RANDY SPARRE --
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10-16-2008, 04:31 PM
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#2
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Banned
Join Date: Mar 2002
Location: toronto
Posts: 4,745
Car: 85 325 e = sold, 84 633 csi = sold / 88 E30 M3, 91 MTECH II
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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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10-16-2008, 04:36 PM
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#3
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6th Gear Member
Join Date: Mar 2002
Location: Toronto
Posts: 1,576
Car: E36 M3/4
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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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"Dare I squeeze three at yo cherry M3" - Hypnotize (Notorious B.I.G.)
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98 M3 Sedan
06 Yamaha R6
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93 318i (SOLD)
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10-16-2008, 04:59 PM
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#4
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5th Gear Member
Join Date: Nov 2002
Location: Brampton
Posts: 1,060
Car: 09 E90 08 Jeep
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This is great news!!
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HaVaaa vich kadey nee chiraag jug de...Juch de PUNJABI nahiyoon binna PUG de
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10-16-2008, 05:26 PM
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#5
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6th Gear Member
Join Date: Mar 2002
Location: Toronto
Posts: 2,009
Car: '03 330cic AA Stg 1
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Quote:
Originally Posted by EMPOWERD
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.
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Perfect spot for next yrs Bimmercruise 
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03 Sapphire Black/Dakota Grey ///M-Sport 330cic AA Stage 1, AA Exhaust, AA Tuned
08 Pearl White Nissan Rogue
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10-16-2008, 05:58 PM
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#6
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2nd Gear Member
Join Date: Mar 2007
Location: Toronto
Posts: 130
Car: F10
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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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10-16-2008, 06:06 PM
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#7
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Cars in Perpetual Repair
Join Date: Nov 2007
Location: Guelph
Posts: 5,207
Car: 328i & 327i turbo
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Quote:
Originally Posted by Chris_Bangle
Is there going to be a road course or is this purely for Nascar / Drag racing fans?
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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.
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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!
Last edited by Bullet Ride; 10-16-2008 at 06:09 PM.
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10-16-2008, 06:23 PM
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#8
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The Afro-stig
Join Date: Nov 2005
Location: TDot West End
Posts: 4,527
Car: Is Fast. ;)
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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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10-16-2008, 07:18 PM
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#9
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..... kLaSSe~1 .....
Join Date: Feb 2005
Location: Brampton
Posts: 2,929
Car: '08 550
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sweet
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10-16-2008, 08:32 PM
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#10
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3rd Gear Member
Join Date: Oct 2008
Location: Burlington/Poland
Posts: 576
Car: 2009 GTR
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Hip hip hooray for redneck racing...
*yawn*
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10-16-2008, 10:55 PM
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#11
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Stance is Gay.
Join Date: Jun 2007
Location: Ancaster
Posts: 3,309
Car: '06 325i
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Oval FTL
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10-17-2008, 09:50 AM
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#12
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Banned
Join Date: Mar 2002
Location: toronto
Posts: 4,745
Car: 85 325 e = sold, 84 633 csi = sold / 88 E30 M3, 91 MTECH II
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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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10-17-2008, 12:27 PM
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#13
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2nd Gear Member
Join Date: Jun 2008
Location: Owen Sound
Posts: 191
Car: E30 S14 Race Car
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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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Legger
226-668-1170
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10-17-2008, 01:38 PM
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#14
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6th Gear Member
Join Date: Aug 2008
Location: Niagara Region
Posts: 1,794
Car: 93 325Is, 95 Superch
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Quote:
Originally Posted by legger
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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Oh I;m in...
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10-17-2008, 03:57 PM
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#15
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sex, drifting & punk rock
Join Date: Sep 2003
Location: markham
Posts: 5,742
Car: E30 325i
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NICE i hope its drift Friendly... St. Eustache Autodrome in Montreal holds free or (cheap) drift days/ nights. Gonna bring this up at the DMCC gala tonight 
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