Why couldn't a Canadian company/bank see the growing need for this in Canada....Could see F1 (other then Montreal)...Nascar events here in Ontario...plus the income from us Care crazy people.
This rumour pops up every couple of years for a race track in southern Ontario, between Niagara Falls and Fort Erie usually. Tough to put any stock in it. The Cayuga Speedway was and still continues to be a mess. That track in it's day was one heck of a track for Late Models and the occasional Super Modified race. I enjoy dirt and asphalt oval racing very much, but have to travel to the USA every weekend for quaility racing with the exception of Oshweken and Merritville in these parts anyway. Would love to see a premier track on this side of the border.
I hope they are including a smaller 1/4 or 3/8 mile oval either dirt or asphalt in the plans somewhere.Be a shame to have a new facility with no Canadian oval racers being able to use it,there isn't a series up here that has cars capable of running on a track that big.I wonder who will be racing on the 1 mile oval,Nascar won't be giving away any dates from its top three series,if the gov't bribes are high enough we may see a Nationwide or Truck Series race-oh nevermind, its not in Quebec so no "grants"! It will be tough to pay the bills with an IRL or ARCA show every now and again, good thing the sheiks have deep pockets...