The sale of the former Miller Motorsports Park in Utah has been officially concluded, according to reports in Roadracing World, a motorcycle publication.
Miller Motorsports Park, renamed the Utah Motorsports Campus after the Miller family declined to renew the 10-year land lease with Tooele County in 2015. The Tooele County Commission has been attempting to sell the 511-acre facility since October of 2015.
The MiTime Investment group, a subsidiary of Chinese automaker Geely, has been the leading candidate through a second party has contested the sale and the process has been tied up in courts until recently. Geely also owns Volvo and Lotus Cars. MiTime operated the facility under contract to Tooele County on a year-to-year basis since 2015.
In addition, a local State Representative threatened to seek a subpoena to review all the documents related to the sale, which we reported earlier. The subpoena may still be approved by the court but is seen as unlikely to impact the sale of the property.
As part of its proposal to the Tooele County Commission, Geely promised to upgrade the facilities as well as open a manufacturing plant on the site, adding as many as 15,000 jobs in this rural area west of Salt Lake City.
Roadracing World, in an interview with Tooele County Commissioner Shawn Milne, laid out the timeline: Documents were signed on December 26, the title was recorded on December 27, and money changed hands on Friday, December 28.