In a historic transfer to make sure the long-term way forward for the Laguna Seca Recreation Space, dwelling to WeatherTech Raceway Laguna Seca, the Monterey County Board of Supervisors at this time authorised a brand new, long run concession settlement with the native non-profit Associates of Laguna Seca.

First District Supervisor and Board Chair Luis Alejo introduced the 5-0 resolution and hailed it as a significant constructive step for Laguna Seca and the group of Monterey County.

“On behalf of Associates of Laguna Seca, I need to thank the Board of Supervisors of Monterey County and A&D Narigi LLC for his or her cooperation and assist in creating this beneficial public/ non-public partnership that can safe the financial stability and long-term future for Laguna Seca,” mentioned Ross Merrill, President of Associates of Laguna Seca. “The constructive power of this collaboration will function a springboard to new alternatives for lasting benefit of Laguna Seca and our local people for a few years to come back.”

“One of many main 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 best way to enhance the ability and its enterprise mannequin,” says John Narigi, President and Basic Supervisor of Laguna Seca Recreation Space.

“After three years, it’s readily obvious that coming into into along-term concession settlement with Associates of Laguna Seca is the fitting 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 fervour for what Laguna Seca might be now and needs to 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 ability underneath the Associates of Laguna Seca, this new long-term concession with FLS will deliver further sources and alternatives to Laguna Seca Raceway to raise the ability to match its world-renowned status and world class environment for benefit of the area people.

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