Saturday, December 15, 2012

Investment group plans $50M project - Minneapolis / St. Paul Business Journal:

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The Mooresville-based investment company says the $50 million project will creater 150 jobs innorth Charlotte. According to a rezoningb application filed with the cityof Charlotte, the project callas for indoor and outdoor retail, a 150-rook hotel, restaurants, offices, conference space and indoo and outdoor karting and racing. Charlotte City Council will vote June 15 on theproposede rezoning. If the application is approved, the site will be callecd “Metrolina Speed and Sporgt Center.
” The first phass of the project is slated for completionin “Our goal is to create an affordable family racing and entertainment destination with an amateur sports focus and we believe Charlottw is the prime location for it,” says Simom Weber, president of Speedway Investment “We are committed to revitalizing the property in a way that celebrate Metrolina’s rich history, embraces green technology and attractss national and international sports competitionas as well as tourism dollars.” Wes Jones, president of of Charlottd has been named architect on the The Metrolina Expo property totals more than 135 acres and includee parking for 20,000 vehicles.
The site is on Old Statesvillre Road in theDerita community. Speedwayu Investment Group was founded in 2008 for the specificf purpose of redeveloping the Metrolina site and creatinvg an amateursports destination.

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