Plug pulled on Hard Rock bid at Kansas Speedway
| (By Reid Spencer, Sporting News NASCAR Wire Service NEW YORK, NY.)–With final approval only hours away, Kansas Entertainment LLC, a partnership between International Speedway Corporation and the Cordish Co., withdrew its bid to build and manage a state-owned Hard Rock Hotel and Casino and entertainment complex estimated at $705 million, according to The Kansas City Star. The withdrawal of the current bid, announced Friday, allows the partnership to recover a $25-million state application fee, which would have become non-refundable upon final approval of the project. The partnership will resubmit a bid based on a phased development of the casino and subsequent non-gaming hotel and entertainment facilities. As with the original proposal, the new bid will seek a second Cup date for the 1.5-mile speedway, which currently hosts one event. Like this site? Like what you see? Buy me a beer! |
