Miller Motorsports Park to remain open after sale to Chinese investment group


    Miller Motorsports Park to remain open after sale to Chinese investment group

    (KUTV) The Tooele County commission officially announced the sale of Miller Motorsports Park to a chinese investment company Tuesday evening.

    A representative of Geely Holding Group spoke immediatly following the announcement from the county commission and told citizens at the meeting that the track will remain open and Geely plans to invest in new development near the park.

    RELATED: Sources: Chinese company to buy Miller Motorsports Park

    "Miller Motorsports Park as you know it will remain open at or better than what it currently is," Geely representative Allen Wilson said.

    Wilson also said Geely plans to establish vehicle manufacturing facilities in Tooele, as well as a new drag strip. He also said the group plans to promote Chinese tourism to Tooele County.

    Geely also said it will invest between $6 million to $8 million immediately to the park for improvements. It also estimated that over the next 25 years it will add billions of dollars to the Tooele economy.

    The commission chambers were packed as citizens were anxious to hear the future of the track, which would have closed in October after the Larry H. Miller Group of Companies announced it would not renew the lease on the land.

    RELATED: Announcement expected on future of Miller Motorsports Park

    Commissioner Shawn Milne spoke to those gathered, stating that Tooele County received several good offers and developed good relationships with other bidders. The sale price was reported to be $20 million and included all assets on site and the land.

    Those gathered were not always quiet or happy about the commission's choice.

    Salt Lake attorney Terry Spencer asked the commission to address the claim that Geely did not have the highest bid.

    Milne did not answer the question stating that the county has lawyers that will deal with that concern.

    "Answer the question!" shouted somebody from the audience.

    Milne didn't answer and moved on with the meeting, but others spoke loudly.

    "You are selling out American land to a communist country," said one in attendance.

    A commissioner said the public was not allowed to hear the bids because of confidentiality agreements. Developer Andrew Cartwright said the county sold out for an extremely low price. Cartwright said he offered more.

    Geely Holding Group has several financial interests in the automotive industy, and is the owner of Volvo Cars.

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