TRACK PROPERTIES LLC TO SELL OR LEASE GRESHAM MOTORSPORTS PARK

TRACK PROPERTIES LLC TO SELL OR LEASE GRESHAM MOTORSPORTS PARK

gresham-logoTrack Properties LLC (TP) announced its intention to sell or long-term lease Gresham Motorsports Park.

“We’re sadden to advise that Gresham Motorsports Park will not be hosting race events in 2015,” stated Track Properties Chairman and Chief Executive Officer Jim Gresham. “GMP will continue to be available for practice and testing while we market the facility for sale or long-term lease to another party.”

Plans for the sale/lease of Gresham Motorsports Park are currently being formulated and will be announced at a later date.

“This was an extremely difficult decision,” Gresham stated. “Our timing in rehabbing Peach State – along with a subsequent downturn in the overall economy of the country – could not have been worse. The entertainment value for our fans and the services we’ve provided our sponsors and participants have been very successful in our opinion. Unfortunately, the economic part of what our family was trying to achieve with the GMP facility has not proven to be successful.

“On behalf of our entire family, we would like to extend our thanks to John Close and all of our full-time and race-day associates. All have gone well beyond the call of duty in trying to make short-track racing an entertaining and successful venture at GMP.

“Finally, we want to thank all of our fans, racers, sponsors, and media for their patronage and support of Gresham Motorsports Park,” Gresham concluded. “Words can not express the value we place on the many new friends we have made and the time we have spent with them over the past five years.”

For more information about Gresham Motorsports Park, please log on to
www.racegmp.com.

Additional information about GMP can be obtained on Facebook at Gresham Motorsports Park and on Twitter at GreshamMP.

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