In a historic transfer to make sure the long-term way forward for the Laguna Seca Recreation Space, dwelling to WeatherTech Raceway Laguna Seca, the Monterey County Board of Supervisors as we speak accepted a brand new, long run concession settlement with the native non-profit Associates of Laguna Seca.
First District Supervisor and Board Chair Luis Alejo introduced the 5-0 determination and hailed it as a significant optimistic step for Laguna Seca and the group of Monterey County.
“On behalf of Associates of Laguna Seca, I need to thank the Board of Supervisors of Monterey County and A&D Narigi LLC for his or her cooperation and assist in creating this helpful public/ non-public partnership that can safe the financial stability and long-term future for Laguna Seca,” mentioned Ross Merrill, President of Associates of Laguna Seca. “The optimistic vitality of this collaboration will function a springboard to new alternatives for lasting benefit of Laguna Seca and our area people for a few years to come back.”
“One of many main initiatives of the Board of Supervisors once we started managing Laguna Seca in January 2020 was to evaluate the enterprise and make suggestions on how you can enhance the power and its enterprise mannequin,” says John Narigi, President and Normal Supervisor of Laguna Seca Recreation Space.
“After three years, it’s readily obvious that getting into into along-term concession settlement with Associates of Laguna Seca is the suitable technique for future financial success and sustainability of the enterprise. The people who comprise FLS are all profitable enterprise individuals who share the collective imaginative and prescient and fervour for what Laguna Seca might be now and needs to be sooner or later.”
Following the County’s current funding to repave the racetrack and assemble a brand new Begin/End bridge, along with the A&D Narigi LLC’s continued operation and administration of the power below the Associates of Laguna Seca, this new long-term concession with FLS will convey extra assets and alternatives to Laguna Seca Raceway to raise the power to match its world-renowned fame and world class environment for benefit of the area people.
Bruce Canepa, Vice President of Associates of Laguna Seca and long-time supporter of the observe mentioned: “The FLS Board brings to this partnership intensive backgrounds and success in enterprise, advertising, fund elevating, building and motorsports. For all of us, Laguna Seca is our ardour. It’s our pleasure to convey collectively the assets vital to revive and rebuild this iconic raceway and park for the benefit of the group of Monterey County and Laguna Seca followers worldwide.”
