A new access road connecting a 47-acre business park that is under development and Lucas Oil Raceway in Brownsburg to Ronald Reagan Parkway is now open. Town leaders were joined this week by raceway officials and representatives of the engineering companies to hold a ceremonial ribbon-cutting for Raceway Boulevard.
The town says the new road will serve as an economic catalyst.
In February, Terre Haute-based Garmong Development announced plans to build The Commerce Park at Brownsburg Raceway. The developer says the 47-acre project is designed to promote research & development and manufacturing for the autosports industry.
During the announcement, Garmong said it expected the project to attract more than $100 million in new economic development and capital investment.
As part of the project, the National Hot Rod Association, which owns and operates Lucas Oil Raceway, agreed to move the track’s main entrance to the west side.