The Pikes Peak International Raceway, mothballed for the past three years, has been sold to a group led by a Greenville, S.C., investor.
The new owner did not disclose a timetable for the track’s reopening but said in a statement that “the roar of engines is expected to heat the once-popular track very soon.”
El Paso County real-estate records show that the buyer, Pikes Peak International Raceway LLC, last month paid $9 million for the 40,000-seat facility south of Colorado Springs.
The seller, International Speedway Corp., had purchased the track for $10.3 million in 2005 and then closed it in an attempt to eliminate competition for a metro Denver raceway that ISC hopes to build.
Once reopened, Pikes Peak will offer “participant-based events, driving experiences, corporate entertainment, testing and retail,” said John Molloy, chief executive officer of PPIR LLC. — Steve Raabe
