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• <br />• <br />• <br />PHASE One. The management recognizes the need and utility of peripheral <br />development. Phase one of the project includes the racing facilities, possible adjoining <br />or directly located hotels, an event and meeting center as well as support buildings. <br />PHASE Two and further development is currently planned to be pursued with the <br />direct involvement of the community and community economic development advisors, <br />as not to diminish current developments already in the communities. <br />Track Design <br />IMEDC's track design team at Baskerville Architectural and Engineering is located in <br />Richmond Virginia. Team Baskerville has been an IMEDC partner since its inception <br />and provides exceptional track and architectural design services. An advantage to <br />IMEDC's use of Baskerville is their knowledge regarding current sanction regulations <br />and safety provisions. Many of Baskervilles' design principals also engage in amateur <br />motorsports providing another level of insight. <br />Track Building Construction <br />Track and Building construction, including land preparation, excavation, paving and . <br />building construction represents a significant portion of the total initial development <br />cost of the facilities. Track specifications will be provided by Baskervill Engineering <br />Services. Bids for individual elements of the construction will be solicited from local <br />providers. Mortenson Construction, contractors of the recently award winning <br />Minnesota Twins Target Field Stadium and of the Minnesota Gophers TCF Stadium <br />have been involved providing IMEDC with cost and timing estimates. <br />Operations <br />The primary focus is to serve the metropolitan sports and entertainment market with <br />sanctioned racing events. However other limited events and revenue producing <br />activities will be offered and available at the facility. These other events include public <br />"for a fee" track time, public music events and concerts, car shows, swap meets, <br />corporate entertaining, community focused events. <br />IMEDC's corporate partners may be offered the opportunity to build or have built <br />additional suites and facilities for their own private and company use. <br />The track VIP club and dining facility will be open during some days, evenings and <br />weekends providing first class dining experience while viewing a portion of the track. <br />3989 Central Avenue N.E.; Suite 200B; Minneapolis, Minnesota 55421 <br />