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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Groundbreaking not far off at Dominion Raceway

RELATED: See complete coverage of the Dominion Raceway

A rendering of the Dominion Raceway in Thornburg. Site work is expected to start this summer.

Site work on the Dominion Raceway in Thornburg could begin within a month, principal owner Steve Britt said.

Britt is currently juggling many details of the project, whose development is estimated to cost about $14 million including land acquisition. It will be privately financed.

In the next few weeks Britt expects to purchase the 160 acres where the raceway will be built just off the Thornburg exit of Interstate 95. The site is just east of I-95 and north of Mudd Tavern Road.

He’s already moved everything off the Old Dominion Speedway’s former property in the Manassas area. That 40-acre parcel was sold this past spring to Stanley Martin Homes, which plans 324 homes there. Some of the equipment is being kept in Thornburg, and some in an area storage yard.  Britt is working on getting a temporary construction office set up in Thornburg.

Dominion Raceway is going through the permitting process in Spotsylvania, and is also working on construction costs. He’s also working on getting approval on the entrance from the Virginia Department of Transportation.

Britt hopes to start site work by the end of the month and have a groundbreaking ceremony.

Construction is expected to take about a year, meaning the facility could open in time for the latter part of the 2014 racing season.

Dominion Raceway will have an oval track for stock-car racing, a drag strip, a road course and a go-kart course. In addition to racing, it will host concerts, drive-in movies and other events.

Eventually Britt plans to work on getting a naming-rights deal for the site, which could later add some additional commercial development such as a restaurant and gas station.

Many people who live near the Thornburg site have expressed concern about additional noise and traffic from the raceway. County supervisors ultimately approved the project, citing its economic development potential.

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Permalink: http://news.fredericksburg.com/businessbrowser/2013/07/08/groundbreaking-not-far-off-at-dominion-raceway/