2859•RESOLUTION NO. 2859
A RESOLUTION SUPPORTING THE ESTABLISHMENT OF A NASCAR
RACE TRACK IN GRANT COUNTY, WASHINGTON
RECITALS:
1.International Speedway, Corp. (ISC) has abandoned plans to build a $368 million NASCAR
race track in Kitsap County, Washington.
2.The International Speedway, Corp. has indicated it will look for other track sites in the State f
Washington and may approach the state legislature in the future with a proposal to locate a
NASCAR race track in another Washington location.
3.Construction of a NASCAR race track as proposed by International Speedway, Corp. call ed for
about $180 million in tax payer backed financing which would be supplemented with a proxi-
mately $186 million from the International Speedway, Corp. International Speedway Corp.,
according to the original proposal, would pay for any cost overruns, would operate and maintain
the track, and pay for any upgrades that may be necessary over time.
4.A NASCAR race track, according to International Speedway, Corp. officials, would draw tens
of thousands of visitors from out of state, would generate more than enough a ditional tax
revenue to cover the state's portion of the project, would generate hundreds of jobs, and
provide a substantial boost to the state's economy.
4111 5. The construction of a NASCAR race track as proposed by the International S
would need approximately 350 acres of land.
peedway, Corp.
businesses each
omy of Moses Lake
6. A NASCAR race track would benefit surrounding hotels, retail, and servic
year. New jobs would be created in the area and the overall general econ
and all of Grant County would benefit.
RESOLVED:
1. The City Council of the City of Moses Lake supports the idea of esta
track in Grant County.
lishing a NASCAR race
2. The Moses Lake City Council requests the 13 th District state leg'
County to support the idea of establishing a NASCAR race track
slators representing Grant
In Grant County.
•
Adopted by the City Council on April 24, 2007.
ATTEST:
Ronald R. Cone, Finance Director
Ronald C. C