INTERNATIONAL MOTORSPORTS ENTERTAINMENT AND DEVELOPMENT CORPORATION
Creating a World Class - State of the Art Motorsports Complex in the Minneapolis-St. Paul Metro Area
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We are the IMEDC and are currently in the process of building a new website with up to date information on our direction and everything going on with Minnesota's newest mixed development motorsports complex. Inquiry and contact information is listed below. We appologize for the inconvenience of information but please feel free to contact us as we launch our new site very soon.
Our great State of Minnesota has a rich history in virtually every facet of motorsports. Over the past few years, the IMEDC has assembled a first class team of motorsports facility design, development, construction and industry professionals. Our goal moving forward, is the acquistion of the optimum site and acerage providing the best opportunity for our success.
INTERNATIONAL MOTORSPORTS ENTERTAINMENT AND DEVELOPMENT CORPORATION announced plans to enter the Minnesota Sports and Entertainment Arena through development of a state-of-the-art Mixed-use development featuring a motorsports complex within the Minneapolis-St. Paul market. The world-class project is estimated to cost around $500 million and will now include a paved 7/8 mile oval track, 2.5 mile road course as well as a one quarter mile NHRA style drag strip.
Our strategy concentrates on expansion and innovation targeting motorsport spectators, sponsors and competitors. We plan to grow operations and increase shareholder value through the development and expansion of a Motorsports facility within the Minneapolis-St Paul Market.” “Our goal is to create a first-class state of the art complex for the state and local community of which all Minnesotans can be proud .
The majority of Minnesota racing enthusiasts, competitors and sponsors are located within this market; therefore, management plans to utilize the infrastructure already in place in the immediate market. Minnesota, especially the Mpls-St. Paul metro area, is home to professional sports of many types. “We feel the momentum is right to add Motorsports to the areas list of Professional sports”.
The size of our actual physical footprint will allow the facility to be located in one of several locations within the Metropolitan area. Community leaders interested in capitalizing on this development being located in their community are encouraged to contact IMEDC.
One in three adults considers themselves race fans. There are more than 100 million racing enthusiasts in the United States with 40% spending nine or more hours per week on race-related activities. Auto racing is the fastest growing spectator sport and is second only to the NFL in popularity. IMEDC taps directly into the intense passion of this market with its current plans.
The Minneapolis St. Paul market has been involved in motorsports since the early 1900’s. Some of the first races in the country were held in the area. St Paul held the first 24hr race in the United States at Hamline Speedway that later became the track at The Minnesota State Fair. The Minneapolis-St. Paul Market also had two Drag Strips serving race fans.
While management of IMEDC has not disclosed its partners, they are currently comprised of professionals in the finance industry and the Motorsports Industry. Funding for this project will be primarily from private investment.
General Information may be obtained by emailing info@intmotorsport.com Investor Information may be obtained by contacting Jim Farnum at: jimfarnum.imedc@live.com 763-228-0097 Media requests and project development inquiries may be obtained by contacting Scott Quick at: scottquick.imedc@live.com 218-251-7561