Pike's Peak has a new owner

541 Views 3 Replies 3 Participants Last post by fatlab, Nov 28, 2006

Discussion Starter · Nov 24, 2006

http://www.9news.com/acm_news.aspx?OSGNAME=KUSA&IKOBJECTID=1ad23e91-0abe-421a-01f6-1ece9582ff9b&TEMPLATEID=0c76dce6-ac1f-02d8-0047-c589c01ca7bf

FOUNTAIN (AP) - A broker says the owner of the Pikes Peak International Raceway in Fountain has found a buyer.

Stew Mosko of Fuller and Company brokered the deal for track owner International Speedway Corporation. He says the undisclosed buyer may turn the track it into a private membership track.

He says financial terms of the deal won't be disclosed until it closes early next year.

Mosko says the new owner would add a golf course and residential development.

International Speedway bought the track in 2005 for $11 million and shut it down to eliminate the possibility of competing with a track it plans to build near Denver.

Terms of the most recent sale included a prohibition on using the track for large-scale, ticketed racing events.

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t-byrd new

· #2 · Nov 25, 2006

Too bad it's gonna be private membership only. Think that's gonna cost a pretty penny to belong? :

Tanya

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BickS2R

· #3 · Nov 27, 2006

T-byrd said:
Too bad it's gonna be private membership only. Think that's gonna cost a pretty penny to belong? :

Tanya

You thinking it would be something like this:?

http://www.autobahncountryclub.net/index.html

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fatlab

· #4 · Nov 28, 2006

I heard that Dave Jenkins from Norwood Development purchased it. He is a local guy, so I guess that is nice. I agree with everyone else, it will be spendy!! He could be nice and offer us a Ducati only day... Do they still have a ducati only day at PMI ?

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