News, Irwindale Speedway sold; new owner plans demolition and industrial project, city says : detailed suggestions and opinions about Irwindale Speedway sold; new owner plans demolition and industrial project, city says .
The recent sale of the Irwindale Speedway could pave the way for the racetrack’s demolition and re-creation as a massive industrial space.
In April, the city of Irwindale proposed knocking down the racetrack, which has been operating since 1999, and building 63 acres of industrial and commercial facilities in order to boost employment opportunities. The city said it had been approached with the plan by an unnamed applicant.
Months after the city put out its proposal, the racetrack was purchased by the IDS Real Estate Group, according to a Sept. 22 press release.
The city said that IDS plans to move forward with the plan to demolish and rebuild.