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DATE News (chronologically)
09/29/09
track news
One last hurdle for Milwaukee Mile  The Milwaukee Mile will have a new racing promoter Friday, assuming it pays off NASCAR for races next season by Thursday.

The State Fair Park board of directors gave conditional approval Monday to a contract with Historic Mile LLC, one more step in a long, confusing and sometimes contentious process. It voted unanimously to authorize Chairman Sue Crane to finish the deal if the park hears from NASCAR by 3 p.m. Friday that money has been placed in escrow.

Tony Machi and Jim Beaudoin, the known partners in Historic Mile, sat in with the board for nearly an hour in closed session but left before the vote was taken.

Before departing, Machi again declined to discuss the group's finances, including the source of the undisclosed amount of money to be paid to NASCAR to hold Nationwide and Camping World Truck Series races next June.

But Craig Barkelar, the interim executive director for State Fair, said the board was satisfied that Historic Mile had met conditions set forth when negotiations began nearly two months ago.

"I think the board discussed their management plan, and it is different enough where it appears it would have a good opportunity to succeed with NASCAR being the one big weekend they have, and the car clubs and the other activities that run throughout the year," Barkelar said. More at JSOnline

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