Heavy Equipment Finally Rolls into Fort Erie!

Progress on phase one of the CMS's development

L to R: Bill Clarke – Aecon VP Business Development, Azhar Mohammad – Partner & Director, Ibrahim Abou Taleb – CEO & Director, John Bickford Sr. – VP Jeff Gordon Inc., Frank Ross – Sr. Advisor, Aecon Group

A Canadian Motor Speedway Milestone Reached as Heavy Equipment Finally Rolls into Fort Erie

Canadian Motor Speedway (CMS) is extremely proud and delighted to officially announce a truly historic moment in CMS history and a new era in Canadian Motorsport.

After seven years of government regulatory and developmental process, heavy excavation equipment is making its way to the CMS site in Fort Erie Ontario, to commence Phase-One of the project, the relocation and major environmental enhancement of Miller Creek. This is a critical step to allow for the second phase of the project to proceed, that being construction of the grandstands, the oval track, and the road course.

Canadian Motor Speedway Chief Executive Officer Ibrahim Abou Taleb said: “We are making history in Canada and North America for the motorsport fan with this track. It has been a very, very long journey, but now we have a wonderful journey ahead of us. For the Town of Fort Erie, this is a new era.  CMS is the hub, but around it you have hospitality, retail, and research and development that is like a city in itself. CMS will be an attraction that will bring tremendous value to the Town of Fort Erie and the Province of Ontario.”

For CMS Partner and Executive Director Azhar Mohammad, it’s like a dream come true: “We are ecstatic. If you look at the efforts that have been expended and the milestones we’ve achieved after so many years with extensive support from the community, this is truly exciting for our entire team and partners in Kuwait and The U.A.E.”

Designer of the oval track portion of the CMS project, 4-time NASCAR Sprint Cup Champion Jeff Gordon is thrilled: “We have cleared a lot of hurdles along the way. We’ve had to be very patient during the entire process, but I’m excited for Canada, I’m excited for auto racing. CMS will definitely be Canadian pride at its best. It’s a Canadian speedway built by Canadians, just 45 minutes from Toronto, 15 minutes from Buffalo, 15 minutes from Niagara Falls. I think Canadians are going to be very proud to have a 1.2 kilometer, three-quarter-mile track that’s going to put on some great racing once it’s completed.”

The core property for the oval, the grandstands and the road course is in CMS hands while work to finalize site planning and the archeological clearances of the periphery properties has been scheduled over the next three months.

Aecon Group Inc., one of Canada’s largest construction companies, is the project’s Construction Manager. They will be responsible for managing the entire 820 acre development, working with local construction resources to ensure CMS is positioned for timely completion, within targeted cost and the highest level of quality and safety.

“We are thrilled to be working with Canadian Motor Speedway and pleased to bring our expertise to the development of this world-class race track,” stated Teri McKibbon, Aecon’s President and Chief Operating Officer.

CMS plans a formal ground-breaking in late spring of 2014 to green-flag eighteen months of construction of the sports’ first Carbon Neutral, and Canada’s first world-class oval and integrated road course to host a variety of racing platforms, notably stock car and open wheel racing, which is slated to be race-ready in 2016.

OMB waves green flag for CMS

Developers of the Canadian Motor Speedway (CMS) project in Fort Erie, Ontario are delighted to announce The Ontario Municipal Board (OMB) has given the green flag for the historic racing and entertainment complex to finally proceed.

The OMB had initially approved CMS close to a year ago, however an additional appeal hearing last year to review the disqualification of an appellant’s witness put CMS on hold. That appeal has now been dismissed removing the most difficult aspect of the approval process for the motor-tainment complex.

CMS will now enter the final detailed site plan approval phase after waiting more than six years after the complex was first proposed for the east side of the Queen Elizabeth Highway, between Gilmore and Bowen Roads in the Town of Fort Erie.

While CMS works with Fort Erie on final site plan approval, investors are evaluating an appropriate time to stage a ground breaking, with a target to complete the facility by the third quarter of 2015.

ABOUT THE ONTARIO MUNICIPAL BOARD (OMB): The Ontario Municipal Board (OMB) is a Provincial institution which hears applications and appeals in relation to a range of municipal planning, financial and land matters including official plans, zoning by-laws, subdivision plans, consents and minor variances, land compensation, development charges, electoral ward boundaries, municipal finance, aggregate resources and other issues assigned to the Board by numerous Ontario statutes.

AECON ‘Building things that Matter’ : CMS

AECON logo                                                  Canadian Motor Speedway

The Canadian Motor Speedway (CMS) is pleased to announce its strategic partnership with Aecon Group Inc., one of Canada’s largest publicly traded construction companies.  The project’s Executive Director & Partner Azhar Mohammad, and Aecon’s Chief Operating Officer Teri McKibbon announced the strategic partnership as a result of Aecon’s ongoing support and involvement with CMS since early 2010.

“We look forward to working with Aecon as a partner, to ensure our development is built to the highest standards,” said Mr. Mohammad.

Aecon, as the project’s Construction Manager will oversee the entire 820 acre development by providing the CMS Investor Group with identification and qualification of local construction resources, administration of construction program activities, and management of contractors to ensure CMS is positioned for timely completion, within targeted cost, and with the highest level of quality and safety.

“We are thrilled to be working with Canadian Motor Speedway and pleased to bring our expertise to the development of this world class race track,” said Teri McKibbon, Aecon’s Chief Operating Officer.

“The Canadian Motor Speedway has always aligned itself with organizations that are best of class.  Aecon is clearly the right strategic partner for us, and under Chairman John Beck’s leadership will deliver the leading edge technology, passion, and experience we need to construct a world class facility,” stated CMS Chief Executive Officer Ibrahim Abou Taleb.