A recent post on the Monterey, CA Herald Newspaper’s website states that International Speedway Corporation is negotiating with Monterey County on a potential concession agreement to operate Mazda Raceway Laguna Seca.
The article goes on to say, “On Monday (June 22), Monterey County officials confirmed they are in negotiations with the International Speedway Corporation on a potential concession agreement to operate the raceway, which is a county park but has been associated with the nonprofit Sports Car Racing Association of the Monterey Peninsula since its inception.”
The Monterey County Board of Supervisors is scheduled to consider handing over the concession agreement to International Speedway Corporation in a closed meeting today, June 23.
Laguna Seca has been operated by SCRAMP, the Sports Car Racing Association of the Monterey Peninsula, since the track was built in 1957. SCRAMP is a not-for-profit 501(c)4 organization that has provided millions of dollars in charitable contributions to the area since its inception in 1956.
The International Speedway Corporation is a publicly traded company (NASDAQ Global Select Market: ISCA) founded in 1953. It currently owns and/or operates 13 motorsports facilities, which in total have approximately 930,000 grandstand seats. Tracks include Daytona International Speedway, Auto Club Speedway of Southern California, and Homestead-Miami Speedway.
Read the Herald’s story here: http://www.montereyherald.com/sports/20150622/major-stock-car-racing-firm-negotiating-for-laguna-seca-deal