ISC Declines to Submit Proposal to Manage Mazda Raceway Laguna Seca

Mazda Raceway Laguna Seca will stay locally operated, following International Speedway Corporation’s decision to not submit a formal proposal to manage the track.

The Monterey Herald reported Tuesday that ISC’s executive vice president and chief development officer, Craig Neeb, wrote in a letter to Monterey County Administrative Officer Lew Bauman that ISC wouldn’t submit a proposal due to “findings following our evaluation and in light of several business factors.”

Also within the Herald report was a note that ISC alleged the track’s longtime manager, the Sports Car Racing Association of the Monterey Peninsula (SCRAMP) was unable to cooperate or assist in the manner needed.

ISC had entered into a 90-day due diligence with the SCRAMP Board of Directors, with the story first breaking in June that ISC was in negotiations to take over the track management.

In August, SCRAMP Board President Gregg Curry wrote an open letter to push for the track to stay under local operation, after the 90-day due diligence period was underway.

Curry released a statement on Wednesday from SCRAMP, following a board meeting that ran late on Tuesday night, regarding the operations.

“Our intention from the beginning, and remains the same today, is for SCRAMP to retain the concession agreement with the county and continue our 58-year management and operation of Mazda Raceway Laguna Seca. We have been given the opportunity to submit a new proposal and look forward to submitting it to the county for review in a fair and open process,” Curry wrote in the statement.

ISC hasn’t made any formal statements regarding Mazda Raceway Laguna Seca.