Friday, December 23, 2011

Investment group plans $50M project - Charlotte Business Journal:

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The Mooresville-based investment company says the $50 million projectr will create 150 jobs innortu Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoor retail, a 150-room restaurants, offices, conference space and indoor and outdoor kartingb and racing. Charlotte City Council will vote June 15 on theproposeds rezoning. If the application is approved, the site will be callef “Metrolina Speed and Sport The first phase of the project is slated for completionhin April.
“Our goal is to create an affordable familhy racing and entertainment destination with an amateur sports focusx and we believe Charlotte is the prim locationfor it,” says Simon Weber, president of Speedwag Investment Group. “We are committed to revitalizing the propertty in a way thatcelebratezs Metrolina’s rich history, embraces green technology and attractds national and international sports competitions as well as tourism dollars.” Wes Jones, president of of Charlottew has been named architect on the project. The Metrolinwa Expo property totals more than 135 acres and includez parkingfor 20,000 The site is on Old Statesville Road in the Derit a community.
Speedway Investment Group was foundedc in 2008 for the specifi c purpose of redeveloping the Metrolina site and creating an amateutsports destination.

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