Bandimere eyes new speedway as Morrison land fetches $50M

The previous Bandimere Speedway assets has offered to car public sale company Copart.

California-based Copart bought the roughly 150-acre website online northwest of C-470 and Morrison Street on Tuesday for $51 million, in step with public data.

The website online, which integrated each the observe and large parking rather a lot, has been totally throughout the limits of Morrison since August, when town board voted 4-3 to annex about 125 acres that were out of doors it.

Copart plans to show the website online right into a garage facility for automobiles looking forward to resale. As a part of the annexation deal, Copart agreed to switch 16 acres by way of the C-470/Morrison Street interchange to town, to permit for long term retail building there, in step with native newspaper Canyon Courier.

The Bandimere circle of relatives opened the speedway in 1958. It hosted the closing races there in July 2023.

“We now have a large number of blended feelings — I’ll put it that approach,” John Bandimere Jr. stated of the sale on Wednesday.

The observe plans to relocate, and has zeroed in at the space round Hudson, a the city in Weld County alongside Interstate 76.

“We’re taking a look at some assets within the Hudson space,” Bandimere stated.

Hudson has about 1,600 citizens and is 35 miles from downtown Denver. Its major appeal up so far has been a wild animal safe haven whose population come with tigers as soon as saved by way of “Tiger King” Joseph Maldonado.

Bandimere in the past informed The Denver Put up that the circle of relatives used to be concentrated on about 1,100 acres — excess of it had in Morrison.

“Everyone thinks that we’re being driven out by way of homes,” Bandimere informed the Put up in July 2023. “After all, there’s no query, they’re development a large number of homes round us. However that’s now not why we’re leaving. We truly really feel happy with why we’re leaving: We’d like extra space.

“Maximum (racing) amenities want about 350 acres. Because of this, we haven’t had any room for parking. We’ve been renting our neighbors’ rather a lot for parking, they usually’re below contract to promote additionally, as a result of there’s such a lot building taking place within the valley.”