Tag: developer

    Eight months later and still no update on speedway project

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    From Niagara This Week:

    More than eight months after agreeing to meet with town officials to provide an update on the long-delayed Canadian Motor Speedway project, the developers have still not done so, and are no longer answering questions about the status of the project.

    The overseas company providing the funding for the project appears to be in severe financial trouble.

    About five years ago, the developers claimed the facility would be “race ready in 2016” but have thus far not applied for a building permit to get the project rolling.

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