A new car racing track will be built in Nacogdoches and that should mean good news for the local economy.
Nacogdoches is one of four Texas cities where new asphalt race tracks will be built by a group called Texas Tracgroup. The group says the facility will be engineered, designed and constructed to meet Nascar quality standards.
The exact site for the track has not yet been determined, but the facility is expected to cost between $12 and $15 million. It will be built to seat up to 20,000 people with possible expansion up to 50,000.
The tri-oval track will be approximately three-quarter miles in distance. It will host a minimum of six races per year sanctioned by the Texas State Racing Association.
East Texas government and business leaders were in Austin for today's announcement. They say the new racetrack should be a tremendous economic boost for Nacogdoches.
"Nascar quality racing like this one will be family-friendly because it will close at nine and will leave Sunday open to attend houses of worship. You'll see the racers families before they line-up," said State Representative Wayne Christian from Center.
"There are 20,000 people coming into town at race time and then the tourism developed from that. There will be 24 permanent jobs and $15 million capital investment," said NEDCO President Judy McDonald.
The next step in the process is to choose a site and begin construction. The racetrack should be completed by the spring of 2005. McDonald says two sites are being considered. Both of them are within 2 miles of the city of Nacogdoches.