PPIR track update...

Sounds like very good news for all Ferrari and exotic car owners. Glad to hear it.

 

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Nice!!!!! I hope he keeps it longterm and develops it all the way. That "high-speed road course" sounds like fun

 

Is this going to be a private club type deal or is this going to be open to the public?

 

Derek, Thanks for putting the post up. I'll aproach it with fingers crossed and hope. It would be great to get a set up where garages could be sold and so on.

 

Very nice!

 

From the Denver Post today

"Racers seeking more vroom
The track south of Springs may go private and pricey"

By Andy Vuong
Denver Post Staff Writer

Article Last Updated:11/21/2006 10:40:39 PM MST

Pikes Peak International Raceway is under contract to be sold, and the buyer is expected to turn the 1,200-acre site into a private, membership-based track for racing enthusiasts.

Amenities could include multiple road courses, garages for race cars, a golf course and a residential development.

Real estate broker Stew Mosko, the listing agent on the property, declined to disclose specifics about the deal, including the name of the buyer, until it closes. Mosko did confirm that the buyer has plans to turn the parcel, near Fountain, into a country-club-style racetrack.

Such private racetracks are not new, but the projects have gained more interest in recent years as the popularity of motorsports continues to surge.

The Aspen Sports Car Club, 7 miles outside Aspen, has been in operation since 1963.

The club, which sits on a 50-acre site and features a 1.1-mile track, charges a $60,000 one-time membership fee and $10,000 in annual dues.

Typical annual fees at country-club racetracks across the country range from $1,000 to $3,500.

Members keep Ferraris, Porsches and other expensive sports cars in the clubs' garages.

"We look forward to having the racetrack continue," said Lisa Cochrun, economic-development director for Fountain, about 85 miles south of Denver. "If it's a gentlemen's racetrack with nice cars and golf clubs to go along with it, we'd be thrilled."

At least two other similar clubs are in the early development stages in the state, including one in Genoa, about 100 miles east of Denver.

"We certainly need a track here in Colorado," said Derek Fennig, a salesman at Ferrari of Denver who said the buyer of Pikes Peak International Raceway is one of his clients. "There's a vast shortage around here."

Rocky Mountain National Speedway and Second Creek Raceway in Commerce City shut down last year because of encroaching development and noise concerns.

Fennig said the development plans for the raceway include a high-speed road course outside the existing track layout. The existing 1-mile paved oval track and the 1 3/8-mile paved course within the oval would remain.

The track sits on about 300 acres. About 250 acres of unpaved land north of the track was previously used for overflow parking. An additional 650 acres south of the track is zoned for large-lot residential development.

International Speedway Corp. bought the parcel for about $11 million in October 2005. It shuttered the track immediately because it wanted to build a speedway and motorsports facility in the Denver area and didn't want a nearby track competing for similar events. The company has yet to move ahead with plans to build a new track.

ISC put Pikes Peak International Raceway on the market in June.

Mosko, the listing agent, said at least a half-dozen groups showed interest in the property

 

"...private and pricey."

This is what I was worried about, being an enthusiast of modest means. Hopefully they will host some fun events for the rest of us from time to time.

 

I hope they follow the model of Miller Motorsports Park, which allows the community to play on the track. Miller seems to have worked out a nice mix of public and private use of the track, with various membership levels available at different price ranges, and some open track days for non-members too.

 

gosh i miss that track.
it had such nice acomodations, but it wasnt a very technical track yet fun every lap.
glad to hear its coming back