Interim Deal Reached for Utah Motorsports Campus

Utah Motorsports Campus has a temporary solution to its new ownership status, as the track reached an interim agreement with Tooele County to manage the facility under the Mitime Utah Investment, LLC banner.

It’s a one-year contract, and can be terminated by either party within 60 days.

Mitime, a subsidiary of the Geely Group of Companies, originally purchased the track in August from the county itself.

However, in mid-December, a lawsuit was filed by Center Point Management, LLC which alleged it was an illegal sale.

That meant the County would need to determine potential options to resolve the situation, which it appears to have done with this temporary solution.

This contract will allow UMC to operate the facility while the sale of the facility is restarted and completed per the directions of the Third District Court. When the sale of the facility is completed, the management contract will automatically terminate.

“We are honored that Tooele County has placed their trust in us to operate and maintain the Miller Motorsports Park property while the sales process takes place,” said Alan Wilson, president of Mitime Utah Investment, LLC and Utah Motorsports Campus.

“We had already been, and remain, prepared to operate the facility, effective immediately. We agree with the County that it is imperative the racetrack remain open and operable during this time.

“Racetracks are required to plan their annual events many months in advance, and we already have contracts in place for the 2016 season. We will be announcing our 2016 schedule of events in the near future.

“We deeply appreciate the efforts of the Tooele County Commissioners, and their desire to see one of North America’s finest racing facilities remain open and viable. We will do everything in our power to operate the facility efficiently and economically, and will carefully safeguard the County’s interests while it is under our stewardship.”

Tooele County Commissioner Shawn Milne, who expressed disappointment when the Center Point lawsuit was filed, said this temporary solution will help ensure the 2016 schedule goes ahead as planned.

“Tooele County is confident in our choice,” Milne said. “This interim solution provides the greatest assurance of a successful 2016 season and a positive impact to our local community.

“The Tooele County Commission has been consistent since day one; our greatest motivator has been the preservation of local jobs and the continuation of the facility as a world-class racing venue.

“Tooele County has always recognized Miller Motorsports Park as a valuable economic asset for our community. It is a crown jewel for us, the State of Utah and the North American racing industry, and Tooele County desires to keep Larry Miller’s vision for racing in Utah alive through the continued success of the facility.”