Failed land purchase adds more delays to speedway project
From Niagara This Week:
The long-delayed Canadian Motor Speedway appears to have hit yet another snag on the road to development, but those behind the project remain tight-lipped about any further setbacks. Three key properties which must be purchased before a building permit can be issued remain out of the hands of the developers, and according to sources, contract negotiations with the landowners have broken off.
The first firm construction timeline given by the CMS developers came shortly after their successful Ontario Municipal Board trial in 2013. At that time, the developers said groundbreaking would begin in “late 2014” and the track would be “race-ready in 2016.” Numerous updated timelines for construction were offered in the ensuing years, all of which have come and gone without any shovels hitting the ground. Although some preliminary work was done two years ago on nearby land, no progress has been made on the track itself.
The reason those shovels have yet to hit the ground is because the developers of the speedway have yet to purchase the necessary ground with which to put those shovels into.