Economic Developers balk at ‘Castle Speedway’ plan for Knights’ Stadium

Posted February 11, 2013 4:10 pm | Filed under Local News

York County economic developers say a private company’s plan to build a speedway on what is soon to be the vacant Charlotte Knights stadium is overly presumptuous and likely will not happen.

The group known as Castle Speedway is pushing for a short track on the 24-year-old stadium property.

York County Economic Development Director Mark Farris says there are already plans underway for the stadium after the Knights’ final game this fall.

The Cato Corporation is a Charlotte-based women’s fashion retailer with 1,300 stores in 31 states.

A representative from Castle Speedway did not return a request for comment on this story.

Farris says while future of Knights’ stadium is up to York County Council, York County has no interest in leasing the facility for a use like a motor speedway.

Cato has already purchased 260 acres of land surrounding the stadium — with Knights’ Castle the doughnut hole in the property.

Right now, Farris says he has a group working on identifying other purposes for the property.

Farris says Cato’s $400 million development would not only include Class A office space, but a mix of commercial, retail and multi-family housing.