Premier Properties of the Space Coast Inc., the developer of Palm Bay Motorsports Park, announced that due to the proposed events scheduled for the three race tracks in addition to the custom home sales, annual revenues of approx. $20 million will be generated within the park and more than $200 million dollars of annual economic impact will be generated for the local and regional businesses.
Palm Bay Motorsports Park will be located on 300 acres easily accessible from the Malabar and Fellsmere I-95 exits. The new motorsports park will consist of three separate tracks and residential housing as follows:
• Palm Bay Dragway — an NHRA certified all concrete .25 mi. dragstrip that will run approx 139 yearly events.
Proposed events include: SPEED TV’s PINKS ALL OUT and PASS TIME, NHRA events, NMCA/NMRA events, local grudge races, and bracket racing.
• Space Coast Speedway — a FASCAR certified (for safety) .5 mi. dirt oval that will run approx 108 yearly events
Proposed events include: World of Outlaw Dirt Series, SPEED TV events, local racer feature events, and ATV races and major concerts.
• Mud Bog Mania — a four lane mud-bog/ATV track with a tractor-pull lane that will run approx 24 yearly mud-bog events and 12 tractor pull events.
Proposed events include: Trucks Gone Wild, national tractor pull events, and local racer feature events.
• Palm Bay Motorsports Park Winner’s Circle Club — custom homes on large lots with huge RV garages and screened in custom pool and spa, and a track observation level that will be sold to race teams in NASCAR, NHRA, INDY, SCCA, and also race fans. The Winners Circle Club members also will receive time-share use of Palm Bay Dragway, Space Coast Speedway and will receive free dyno runs as well as a VIP suite in Palm Bay Dragway.
There also will be a 10 acre park with picnic areas and a community pool, donated to the approving municipality, that families and children can enjoy. In addition to allowing city and county fire, police, and EMT training when the facility is not in use, Palm Bay Motorsports Park also will be donating a two acre parcel of ground so a new fire/EMT station can be built.
“This project will be fast-tracked so we can get the local workforce to start constructing the tracks and the houses,” Managing Partner Ike Heckler Jr. said. “If all goes according to plan, we could have cars roaring down the 1/4 mile by mid-2010. We expect to have hundreds of local construction workers constructing the new facility providing millions of dollars of indirect spending to local businesses, and will be hiring approximately 100 full-time employees to run the motorsports park. Since some local racers have construction businesses that are suffering in this downturn, we will be using their companies to help build the buildings and maintain the grounds. We also will be working with Brevard Workforce utilizing their ’Emerge’ program to give those kids a job at the motorsports park.”
Palm Bay Motorsports Park LLC, the owner of the new facility, is currently looking to purchase at least 300 acres and is raising funds to build the tracks and houses by selling the tracks’ naming rights, the various sponsorship packages to local businesses, and selling exclusive Palm Bay Motorsports Park Winners Circle Club memberships to the purchasers of the new homes.
For more information, call 321/693-8545.