5.2e PCSR 07-14-2015 - Laserfiche WebLink

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Economic Impact: As racers, fans and support teams travel to ERX to test, train and compete, the Elk River area experiences a significant financial impact. The impact is most significant during the winter snocross season as teams and athletes continue to call Elk River "home" in their attempts to locate near the ERX track. Teams support local businesses by utilizing local restaurants, hotels, hardware suppliers, grocery stores and gas stations, just to mention a few. During large ERX events, the Elk River community "fills up" with teams as they spend multiple days in the area participating at ERX. The Future of ERX /ERX Properties As the popularity of ERX soars, so too does the list of potential uses for ERX Properties. The vision for ERX Properties is to continue development of the area into a full- fledged, year -round recreational park. Additional property has been purchased directly connected to the original ERX plot, and new and exciting recreational opportunities are on the horizon. Future Uses: Rental Shop Space: ERX will continue to differentiate from any other snocross training facility in the world by offering a larger, safer and more challenging track for riders to sharpen their riding skills and for factory OEM race teams to test and develop equipment. As this continues to evolve, there will be increased demand for rental shop space. ERX intends to construct a series of "Power Condos" which will essentially be rental shop spaces where race teams will be able to store their snowmobiles and equipment, giving them immediate access to the world - class ERX track. Carlson Motorsports Expansion: Carlson Motorsports(CM), the official "home team" at ERX will be expanding their operation as they expand their racing operations to include both snocross and off -road truck racing in the summer. Part of this expansion will require a physical expansion of their racing headquarters facility, located directly North of the ERX Track. CM intends to add a 20,000 sf expansion which will provide additional shop space, which will include race hauler storage, additional fabrication space and open storage space for seasonal racing equipment. In addition, CM will also be creating new office space for the team, as well as a conference room, a gathering area to be used for entertaining sponsors and a space for short -term, limited stay housing for sponsors, athletes and associates traveling to ERX to work with CM and ERX. This space will also include a small snowmobile /snocross display area, where new and vintage powersports equipment will be on display. Off -Road Truck Racing: ERX has been contacted by the top short - course off -road truck racing organization in the country (toreseries.com) and there's a strong possibility that off -road truck racing could be coming to 3 jY ��