Kansas Entertainment, LLC Resubmits Hard Rock Casino Bid
Kansas Entertainment, LLC, a partnership between Kansas Speedway® and principals of Baltimore-based The Cordish Company, resubmitted a bid today for a Hard Rock Casino overlooking Turn 2 at Kansas Speedway.
The overall proposal calls for an approximately $700 million entertainment destination to include a first-class casino, hotel, spa, convention center and entertainment/retail district. The initial phase of the project will be a first-class Hard Rock-branded casino with an overall budget of approximately $390 million, and which will include a 100,000 sq. ft. casino floor, high-energy center bar, and dining and entertainment options.
Kansas Entertainment, LLC has also committed as part of its proposal to donate an additional one percent of its gaming revenues to the Unified Government of Wyandotte County/Kansas City,
As part of the proposal, Kansas Speedway’s parent company, International Speedway Corporation (“ISC”), will also petition NASCAR for a second NASCAR Sprint Cup Series date for the track if Kansas Speedway and The Cordish Company are awarded the casino management contract for
Additionally, if awarded the management contract, Kansas Speedway officials have committed to building a road course in the infield of the facility and ISC will petition Grand-Am Road Racing to award Kansas Speedway sports car races. Kansas Speedway has also committed two free track-side billboards to the state of
“We are committed to bringing a world-class destination casino to
”We are tremendously excited to bring this unique entertainment attraction to
Kansas Speedway tickets are on sale now by calling 866.460.RACE or logging onto www.kansasspeedway.com. Ticket packages include the O’Reilly Auto Parts 250 and the Road Runner Turbo Indy 300 on April 25 and 26, 2009, and the Kansas Lottery 300 and the Price Chopper 400 presented by Kraft Foods – the third race in the Chase for the NASCAR Sprint Cup – on Oct. 3 and 4, 2009. O’Reilly Auto Parts Qualifying Day is Oct. 2 and tickets are on sale now.
International Speedway Corporation
International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation’s major motorsports entertainment facilities, including Daytona International Speedway® in Florida (home of the Daytona 500®); Talladega Superspeedway® in Alabama; Michigan International Speedway® located outside Detroit; Richmond International Raceway® in Virginia; Auto Club Speedway of Southern CaliforniaSM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in Arizona; Chicagoland Speedway® and Route 66 RacewaySM near Chicago, Illinois; Homestead-Miami SpeedwaySM in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen International® in New York. In addition, ISC promotes major motorsports activities in
The Company also owns and operates MRN® Radio, the nation's largest independent sports radio network; the Daytona 500 ExperienceSM, the “Ultimate Motorsports Attraction” in Daytona Beach, Florida, and official attraction of NASCAR®; and Americrown Service CorporationSM, a subsidiary that provides catering services, food and beverage concessions, and produces and markets motorsports-related merchandise. In addition, ISC has an indirect 50 percent interest in Motorsports Authentics®, which markets and distributes motorsports-related merchandise licensed by certain competitors in NASCAR racing. For more information, visit the Company's Web site at www.iscmotorsports.com.
The Cordish Company
The Cordish Company (www.cordish.com), now in its fourth generation of family ownership, is a multi-billion dollar conglomerate including one of the leading real estate development companies in the
The Cordish Company is the largest and most successful developer of entertainment districts and concepts in the
The Cordish Company has received the highest possible national awards in its various areas of expertise. In real estate, the Cordish Company has received an unprecedented six Urban Land Institute Awards of Excellence.
In gaming, The Cordish Company is best known for its development of the world-famous Seminole Hard Rock Hotel & Casinos in