Track Redevelopment Plans Unveiled

Published: November 2, 2015 04:25 pm EST

Defunct raceways get redeveloped for all types of purposes – residential and big-box undertakings come to mind – but it has been reported that there are somewhat unique plans for a plot of land at a former track.

According to a report by 13 ABC WTVG TV, there are plans in the works to see the former site of Raceway Park in Toledo converted to a distribution centre for automobiles.

The City of Toledo is partnering with Ann Arbor Railroad and is attempting to facilitate the process that would ultimately lead to a distribution centre that would create 50 new jobs and $2 million in annual payroll.

A media release from the City of Toledo explains that Penn National Gaming was required to set aside a $3 million Racetrack Redevelopment Fund with the State of Ohio for eligible projects as part of the approval process to close the racetrack operations. The release states that $2.5 million of those funds are being utilized to help redevelop the property, which is something that local residents and officials are praising.

"There's talk of broader development, they (Ann Arbor Railroad) own other real estate in Toledo," District 6 councilwoman Lindsay Webb was quoted as saying. "This is an important strategic investment for the community because we're getting a major player in the automotive industry and it's just going to strengthen our ability to attract other automotive investment."

After having laid vacant for a few years, Raceway Park was demolished earlier this year.

(With files from 13 ABC WTVG TV)

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