Future of Chicagoland Speedway in doubt? UPDATES


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future-of-chicagoland-speedway-in-doubt?-updates

UPDATE 3: The metropolis of Joliet, Illinois has clarified that no portion of the racing oval would possibly perhaps perhaps be impacted by the proposal:

At its assembly on April 16, 2020, the Joliet Concept Rate belief to be a quiz by Hillwood Investment Properties (Hillwood) to subdivide a portion of the present Chicagoland Speedway property, approximately 82.3 acres, for consume from Chicagoland Speedway, LLC. On the quiz of the applicant, the Concept Rate voted to table the subdivision quiz to their assembly on July 16. Below the proposal, the 82.3 acres which is currently used as overflow parking would possibly perhaps perhaps be developed with future industrial warehouses. Chicagoland Speedway, LLC would continue to have the final steadiness of racetrack property and no portion of the racing oval would possibly perhaps perhaps be impacted. The July 16 Concept Rate will probably be broadcast dwell on the City’s websites for folks that ranking to have a look on the dwelling of the proposal: https://www.joliet.gov/departments/metropolis-clerk-s-assign of job/assembly-agendas-minutesvideos Following the vote by the Concept Rate, the topic will switch to the City Council for consideration at a future assembly.

There would possibly perhaps moreover had been some public confusion and misinformation about the Chicagoland Speedway being provided, as about a of the maps and varied supporting documents within the Concept Rate packet point out that a portion of the proposed subdivision would include a portion of the racetrack. The City‘s Subdivision Guidelines require that preliminary plats shall consist of all contiguous holdings of land within the the same possession, accompanied by an affidavit of possession, which shall consist of the dates that the respective holdings of land were obtained, along with the land records, reference quantity, and the recorder’s decision of each conveyance to doubtlessly the most contemporary proprietor as recorded within the County Recorder of Deed’s Place of business. Due to the this fact, the proposed preliminary plat which contains approximately 423 acres, is merely the general land home that will probably be subdivided for the proposed land sale. Simplest the proposed closing plat and recording plats, which consist of the 82.3 acres to be provided, is the land home that will probably be developed with industrial warehouses.

— joliet.gov/home/showdocument?identity=25850 —

UPDATE 2: The design forward for the Chicagoland Speedway is doubtlessly now now not plagued by plans for a unique industrial advanced and the observe itself, will probably be spared, Kickin‘ the Tires (KTT) has confirmed.

“Positive, the observe would remain,” acknowledged Michael Schwarz, Joliet‘s Director of the metropolis‘s Planning Rate told KTT thru electronic mail. “The proposed sale most involving involves accessory parking on the east facet of the property.

In keeping with records, Hillwood Investments Companions is applying for the subdivision on behalf of NASCAR Enterprises LLC, which owns 100 percent of Chicagoland Speedway, LLC. Despite the indisputable fact that the final plat encompasses about half of the observe, warehouses planned for the gap would now now not interfere.

Sight extra at Kickin the Tires.

UPDATE:  NASCAR is planning to flip portion of Chicagoland Speedway into an industrial park, in accordance to sources and public documents, raising the likelihood of the observe being shuttered within the upcoming years. NASCAR laid off nearly the entire lot of Chicagoland‘s work force closing week after canceling all its occasions for the year — collectively with its annual Cup speed weekend — and documents emerged over the weekend confirming that the sanctioning body is taking a explore at massive modifications to the venue.

THE DAILY first reported in March that NASCAR has struck a address Dallas-basically based completely exact property developer Hillwood to encourage produce surplus land on NASCAR‘s 13,000 owned acres nationwide, and this Chicagoland map will presumably be with Hillwood.

NASCAR insisted in March that the Hillwood deal used to be now now not about selling tracks themselves, nevertheless the blueprint — mixed with the deep layoffs and canceling of occasions — are being seen as ominous indicators for the highest draw forward for the venue as a racing facility.

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ORIGINAL POST: All the highest draw thru the April 16, 2020, assembly of the Planning Division of Joliet, In heart-broken health, the company tabled public discussion on plans for an item entitled “Final Plat of Chicagoland Speedway Subdivision Unit 1” that will watch the advent of a subdivision encompassing out of the ordinary of the present Chicagoland Speedway.

In keeping with an overlay plat — P-6-20a — provided to Kickin‘ the Tires, out of the ordinary of the racetrack would change correct into a unique subdivision. Nonetheless, it’s now now not identified for what cause the land would possibly perhaps perhaps be utilized. In keeping with public documents, the aptitude consume states, “To allow a future industrial improvement.”

The plat = dated April 8, 2020 — reveals the racetrack being sliced basically in half diagonally from Turn 2 all the highest draw thru to about one-third of the technique thru the tri-oval after which north to W. Laraway Road. From there, the boundary line runs about a mile east along E. Laraway Road to Wauponsee Glacial Drag after which due south to W. Schweizer Road. The boundary line then goes west along W. Schweizer Road for roughly one half-mile earlier than reducing north to the observe‘s outer perimeter, then west for roughly 200-toes and north all once more to Turn 2. There also is mostly a 600-foot land barrier around the general boundary of the proposed subdivision.

Sight extra at Kickin the Tires.

AND: 

@NASCAR aligned with Hillwood in a deal printed in March, even supposing it acknowledged that the pact is to re-produce surplus land and now now not promote tracks themselves.

➖ Auto Club Speedway and Chicagoland had been talked about as top candidates for re-improvement.

📜: https://t.co/5HScyH46B1 pic.twitter.com/KjoSWcu7M9

— Adam Stern (@A_S12) Also can merely 10, 2020

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