Wednesday , June 7 2023
Breaking News
building sold

Land near Auto Club Speedway sold

NASCAR has sold land near the Auto Club Speedway in Fontana for a reported $544 million.

The organization that oversees U.S. stock car racing sold the property to Dallas-based Hillwood Development Co., which develops and invests in large commercial real estate projects, according to multiple reports.

The site itself is expected to be redeveloped, meaning Sunday’s Pala Casino likely was the last NASCAR race on the two-mile track.

Hillwood, is owned by Ross Perot Jr. The company took the former Norton Air Force Base and converted it into San Bernardino International Airport, a logistics facility that recently began offering commercial flights.

Three years ago, NASCAR – with an assist from Hillwood – began selling some of its U.S. properties, as it looked to maximize its real estate holdings and find other revenue sources, the sources reported.

Check Also

Norco project nears completion

Norco officials expect a 21,000-square-foot multi-use facility under construction in the Ingalls Event Center to …

Leave a Reply

Your email address will not be published. Required fields are marked *