
A New Era for Racing in Fabens
In an exciting development for motorsport enthusiasts, Fabens is set to become the home of the regions' first paved speedway, the Pan Am Speedway. This $17 million venture is spearheaded by Gerald “Jerry” Kandler, the CEO of Speedway Resort Properties LLC, who is undeniably passionate about racing.
Economic Boost and Community Safety
According to Kandler, the speedway aims not just to fulfill a personal dream but to foster economic activity in the area. The El Paso County Commissioners Court has approved a Chapter 381 incentive agreement that offers approximately $300,000 in property tax grants to support the project. This financial backing is contingent upon the company meeting employment requirements and construction deadlines, ensuring mutual benefits for the county and the developers.
Providing a Safe Racing Venue
The speedway will offer a dedicated space for racing, addressing existing safety concerns associated with informal racing practices in the region. Currently, local racers often resort to makeshift tracks, such as parking lots, leaving them exposed to the risks of accidents. The approval of this speedway comes in light of tragic incidents, including a fatal crash in 2021 that highlighted the urgent need for a regulated racing venue.
A Thriving Destination for Enthusiasts
Set on a sprawling 66 acres, the Pan Am Speedway will feature a 1.7-mile competition track alongside plans for concerts and festivals. With this development, Fabens is positioning itself as a new destination for racing enthusiasts, potentially transforming the local economy while providing an exhilarating outdoor experience for community members.
Conclusion
The upcoming speedway promises more than just high-speed thrills; it's about creating a structured and secure environment for racing and driving the local economy forward. By cultivating a new hub for these activities, Fabens is joining the ranks of other celebrated racing locations while ensuring safety and enjoyment for all.
Write A Comment