Development

CMS Track Features

• • A Jeff Gordon Design signature speedway
• • 1 mile progressive banking oval
• • 2.6 mile multi configuration FIA/FIM roadcourse Road Course
• • 65,000 seat facility expandable to 100,000
• • 80 luxury suites and 5000 club seats
• • Motorsports & Automotive R&D Park in collaboration with McMaster University
• • Industrial Park for Motorsport Suppliers & Component Manufacturers
• • Eco Park, Bike Paths & Walkways, RV park
• • Line of sight design - full view of the oval and road course
• • Retail/Commercial Area
• • 4 miles from US/Canada Border
• • 10 minutes from Niagara Falls, Hotels & Casinos
• • Driver training and Driver Experience –for  karts, motorcycles and cars
  
  Canadian Motor Speedway is a $150 million racetrack development situated on 820 acres of land in Fort Erie directly adjacent to the QEW within 5 miles of the Canadian/U.S. border and 11.2 miles from Niagara Falls. It will include ancillary construction for; infrastructure, recreational, commercial, industrial and educational uses that will expand the build-out to $400 million.

The middle of the development consists of a standalone 1 mile oval which combines to form a 2.6 mile FIA grade road course through an innovative system of tunnels.  Every one of the 60,000 stadium seats provides expansive views of both; the speedway and roadcourse, as well as, vistas for maximum enjoyment of a comprehensive list of motorsports events. 5,000 enclosed club seats and 80 suites will favour the customer with first class catering and access. The development will provide world class racing events for up to 100,000 spectators in a variety of motorsports including automobiles, motorcycles, karting and various motorized and non-motorized public events. CMS is committed to improving on industry best practices by providing handicapped and limited manoeuvrability patrons with a best case scenario in terms of access, support and enjoyment.

South of the speedway and road course will be the institutional research and development facility. Testing of vehicles supplemental to the McMaster University Research & Development initiative will include motorized and non-motorized such as solar and electric vehicles. Research will concentrate on the study of fuels, materials and power train technology.  The research park will attract national and international investment.

Immediately north of the facility will be a Retail/Commercial development that includes the main entrance. The biodiversity plan will enhance and expand on the 170 acres of environmentally significant woodlots and wetlands throughout the site.

 

Creating Economic Impact

Economic growth takes place when a community's resources, i.e., people, capital, and natural resources like land, become more productive.   The combined benefits of ; land availability, a market area population of 140 million, dual exit access to the highway, 16,000 hotel rooms, 12 million annual visitors to Niagara Falls and a range of world class attractions gives CMS the best location for a racing facility in Canada.

Most of the speedway’s customers will come from outside the town and region and even from outside the Province and Country and will stay in the hotels and at the track in their self-contained RVs. The ancillary R&D and commercial development will further enhance job and tax creation, while providing a significant catalyst for future growth.

From the taxpayers’ perspective, a professional sports complex is successful when it attracts ‘new’ dollars into its region. New dollars are primarily responsible for the ‘net economic effect’. Localized pro sports teams tend to ‘churn’ local entertainment dollars and have less economic impact, while speedways draw from a much wider ‘non-local’ area and the fan stays in-market spending, for several days.

 

Environmental Enhancements

Improvements to the speedway site’s environment will be a combined effort of vested interest groups, government agencies, and environmental professionals working from a comprehensive biodiversity plan.

1. • Carbon neutral development
2. • Remediation of Frenchmen’s Creek corridor
3. • Proper filtration plantings around all watercourses
4. • Expansion of wetland/woodlands coverage from 170 acres to 250 acres
5. • Utilization of Proper Forest Management Practices to improve woodlot health

• Removal of a significant number of pre-Code septic systems throughout plan area

Research & Development

As global demand for energy increases relative to supply, two areas of research have become the focal point in our quest to reduce man’s carbon footprint while maintaining quality of life;

1. • Alternative and renewable - technologies and sources
2. • Increasing the efficiency of current technologies
   
   

The McMaster University R&D facility will focus on efficiencies and alternatives through motorsport within the areas of fuels, materials and power trains in a quest to develop more sustainable products utilizing automotive testing equipment such as environmental testing chamber, engine and chassis dynamometers.

 

Business Development

Top level universities throughout the World are implementing a dual strategy in their efforts to add value to their regions economically:

1. • Building business incubation programs
2. • Transferring technology from university research to the private sector
   
   

At the McMaster University R&D facility; research entrepreneurs will be provided with the instruments to navigate within the knowledge economy. These market-driven initiatives will be combined in a single point effort to match licensed technologies with investment partners for business creation.

 

Commercial

The “interceptor” location of the property directly on the QEW provides CMS with the ability to build a ‘best of breed’ recreational entertainment and retail area within the Fort Erie and Niagara Regional tax assessment district. Purchase demographics include;

1. • Event and non-event traffic to the Speedway
2. • 22,000+ daily traffic flow on the QEW

• Research and development park

 

Jobs
Close to one thousand construction jobs will be created for the Speedway build-out alone, and this will be complemented by an increase in jobs for; infrastructure, the R&D Park and commercial area. Permanent jobs within the total development will number around one thousand, as well as, 2500 part time jobs around the Speedway. Existing local service businesses will have increased staffing requirements.

1. • 830 to 1330 net new jobs (Ernst & Young study)
2. • 950 direct construction jobs
3. • 1400 indirect construction jobs
4. • Construction spend of $200M+
   
   

CMS will leverage the area’s legacy advantages in education to provide jobs now and in the future for residents.

 

Taxes
Ernst & Young calculates over $30Million in annual return for the Provincial and Federal governments through income and sales taxations.  This will lead to robust and rapid incomes for government stakeholders.

Municipal and regional benefits, in the form of tax receipts from the project’s annualized taxes, employee residential taxes and increased receipts from property value increases, as well as, the addition of businesses, infrastructures, social services and their employees ancillary to the Project will occur locally.

Other Benefits