County of Monterey Board of Supervisors approves long term concession agreement for Laguna Seca

In a historic transfer to make sure the long-term way forward for the Laguna Seca Recreation Space, house to WeatherTech Raceway Laguna Seca, the Monterey County Board of Supervisors at the moment accepted a brand new, long run concession settlement with the native non-profit Pals 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 Pals of Laguna Seca, I wish 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/ personal partnership that can safe the financial stability and long-term future for Laguna Seca,” stated Ross Merrill, President of Pals of Laguna Seca. “The optimistic power 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 major initiatives of the Board of Supervisors after we started managing Laguna Seca in January 2020 was to evaluate the enterprise and make suggestions on the way to 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 coming into into along-term concession settlement with Pals 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 keenness for what Laguna Seca will be now and must be sooner or later.”

Following the County’s latest 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 Pals of Laguna Seca, this new long-term concession with FLS will convey further 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 local people.

Bruce Canepa, Vice President of Pals of Laguna Seca and long-time supporter of the monitor stated: “The FLS Board brings to this partnership intensive backgrounds and success in enterprise, advertising, fund elevating, development and motorsports. For all of us, Laguna Seca is our ardour. It’s our pleasure to convey collectively the assets essential to revive and rebuild this iconic raceway and park for the benefit of the group of Monterey County and Laguna Seca followers worldwide.”