In what is described as an “exciting signature project,” Garmong Development has launched the development of “The Commerce Park at Brownsburg Raceway,” anticipating more than $100 million in new economic development and capital investments to occur within the development, according to Dan Zuerner, Vice President of Garmong.
The 47-acre project, located adjacent to both the Lucas Oil Indianapolis Raceway Park and the Ronald Reagan Parkway, is “virtually shovel ready” and enjoys the enthusiastic formal support of the Brownsburg Town Council, said Deb Cook, Town Manager of the Town of Brownsburg.
“The time is right to build this,” she continued, noting that the project reflects and supports the town’s formal comprehensive and economic development plans. “This powerfully advances Brownsburg’s high-profile commitment to growing and supporting the autosports industry and will help attract new companies.”
She added that the project is expected to “bring both new autosports companies focused on R&D in the industry and autosports manufacturing companies.”
The National Hot Rod Association (NHRA), the world’s largest auto racing organization which owns and operates the Lucas Oil Indianapolis Raceway Park, has committed to moving the raceway’s main entrance to the west side of the park as part of the Garmong project.
“We’re extremely excited about this project and its new ‘front door’ for the raceway,” said Kasey Coler, Vice President of NHRA Track Management and Operations. “This project has been under consideration for years, but with the completion of the Ronald Reagan Parkway and the major investment of Garmong, this project has become reality under Deb Cook’s leadership.”
The new racepark entrance is already designed and will soon be under construction. “This new ‘front door’ will provide easier access into the raceway park, but equally important is that the new entrance is expected to provide a higher degree of safety,” said Cook. The new boulevard is expected to be completed by the end of 2022, according to Zuerner.
“We are thrilled by the expansion of an already robust motorsports industry portfolio in Indiana with this collaborative project,” said Rollie Helmling, Senior Advisor, Motorsports for the Indiana Economic Development Corporation (IEDC). “We look forward to supporting the town of Brownsburg, the NHRA, and Garmong in collaboratively advancing significant job creation and investment opportunities for the region and the state.”
The Lucas Oil Indianapolis Raceway Park currently attracts more than half a million race fans and visitors to the region each year. The raceway is home to more than 140 event-days annually and features a diverse set of races, including the “World’s Biggest Drag Race.” the Dodge Power Brokers U.S. Nationals, and the return of the NASCAR Truck Series TSport 200 in July.
“As we go into the next phase of development for our NHRA facilities, this project for Brownsburg fits well into our future plans,” said Coler. “This is a great public-private partnership opportunity for the town of Brownsburg and Garmong, and we’re very excited about new prospects for the region.”
“For nearly 100 years Garmong has been growing Indiana,” said David Hannum, Chairman and CEO of Garmong. “Valuable partnerships serving the public and creating world-class attractions are where I see Garmong adding value for another 100 years – this collaboration is truly teamwork at the most rewarding level.”
To view a short 38-second video of the Brownsburg Commerce Park site, please click here: https://vimeo.com/637091839/219ad52d4b (or on YouTube at https://www.youtube.com/watch?v=z_KHEtvYOME)
About Garmong Construction
Preparing to celebrate its 100th anniversary in 2023, Garmong Construction offers nearly a century of construction experience and many million man-hours of “grit” and innovative spirit. Today, Garmong represents one of the leading Construction Management companies in Indiana, while also providing Design-Build and General Contracting services. Its projects include numerous industrial and commercial developments. Garmong is Indiana’s largest provider of County correctional facilities, in addition to the construction of healthcare facilities for providers across Indiana, including Union Hospital in Terre Haute, Deaconess Hospital facilities in Evansville; several major facilities for Purdue, Rose-Hulman Institute of Technology, the University of Indianapolis, and Indiana State University; and many other industrial/manufacturing, office/mixed use, public safety, government and other significant projects. Garmong remains privately held and family-owned (fourth generation), and maintains offices in Terre Haute, Evansville, and Indianapolis. Garmong has twice been ranked as one of Indiana’s Top 25 fastest growing companies by the Indianapolis Business Journal. For more information, please visit https://garmong.net/
About the Town of Brownsburg Indiana
The Town of Brownsburg is a suburb of Indianapolis, Indiana located in Hendricks County. With more than 28,000 residents, the Town of Brownsburg offers a high-quality school system, quality parks and trails, and a strong business climate. Five elected Town Council members serve as the legislative/executive branch while the elected Clerk-Treasurer serves as a chief financial officer. A Town Manager hired by the Town Council manages daily operations and serves as the chief executive officer. Town facilities and operations include water and sewage treatment facilities, a street department, fleet maintenance garage, parks, and recreational facilities, fire and police, and administrative offices. The Town of Brownsburg is one of the fastest-growing communities in the state. Brownsburg has been recognized three times by CNN Money magazine for being among the nation’s “Best Places to Live” for its low crime, a strong economy, affordable homes, and excellent schools. For more information, please visit https://www.brownsburg.org/
About Lucas Oil Indianapolis Raceway Park
In 1958, led by Tom Binford, Frank Dickie, Roger Ward and Howard Fieger, 15 Indianapolis area businessmen and racing professionals invested $5,000.00 each to fund the development of what would become Lucas Oil Indianapolis Raceway Park. The group purchased a 267-acre farm about seven miles from the Indianapolis Motor Speedway and developed a multipurpose auto racing facility. The NHRA (National Hot Rod Association), the world’s largest racing association, purchased the entire facility in 1979. The first major improvement came in 1983 with the construction and dedication of Parks Tower, the four-story drag strip tower. In 1998, new grandstands, suites and a tower complex on the front straightway were completed at the oval track at a cost of nearly $2.5 million, which included the repaving of the entire oval surface as part of a three-phase facility improvement project. In January 2011, the track announced a new entitlement sponsorship with Lucas Oil Products and is now named Lucas Oil Indianapolis Raceway Park. Lucas Oil Indianapolis Raceway Park reached another milestone in 2014 by celebrating the 60th Anniversary of the U.S. Nationals as well as the 60th anniversary of the facility in 2021.
Source : https://www.prweb.com/releases/garmong_development_brownsburg_raceway_project_expected_to_create_100_million_in_economic_development_capital_investments_in_central_indiana/prweb18503718.htm
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