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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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Dominion Raceway closes on land in Spotsylvania

RELATED: See complete coverage of the Dominion Raceway

Dominion Raceway now owns the 160 acres off Interstate 95 in Thornburg that will become an automotive-focused entertainment complex.

A limited liability company composed of Steve Britt and Jerry D. Evans closed Wednesday afternoon on the land at the northeast corner of Interstate 95 and Mudd Tavern Road. The purchase price was $3.25 million.

The sale represented a milestone in the long process of relocating the now-closed Old Dominion Speedway from its former home in the Manassas area to Thornburg.

“We’ve worked really hard to get there,” Britt said.

Brian Cunningham, who brokered the deal for Vakos Real Estate, said he had to go through a public record search to locate the land’s previous owner, Larry McKinley, and help work out a price that both sides could agree on.

The raceway complex will include an oval track for stock car racing, a drag strip, a road course and a go-kart course. It will also host concerts, drive-in movies and other events.

The roughly $16 million, privately financed complex is scheduled to be completed in late 2014 and open in early 2015.

Fredericksburg-based Wack General Contractor has been hired as the general contractor. Wack will begin clearing the site Monday, and that logging work is expected to take between about six and eight weeks.

A formal groundbreaking is scheduled at the raceway site starting at 10 a.m. Nov. 1. A “Waving the Green Flag Celebration” featuring a bonfire, music, food, a moon bounce, display race cars and guided wagon tours is scheduled starting at noon Nov. 2.

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