Wednesday, June 11, 2008

Riverside Motorsports Park CBA update

Back in February, a lower court in California ruled that the environmental impact statement (EIS) for the proposed Riverside Motorsports Park (RMP) in Merced was deficient, in part because the developer hadn't prepared a CBA, which had been included as a requirement in the master plan.

Last week, the Merced Sun-Star reported that the county and the groups that brought the lawsuit reached an agreement that the ruling voided most of the project's approvals. The agreement's "terms translate into even more uncertainty for RMP's already questionable future."

Before the project can go through, the article pointed out that RMP will have to go through a number of steps, including finishing that CBA, in order to get new approvals. Although this may press the timeline back, RMP officials are confident and plan to move forward. "[Q]uestions loom," however, "about the company's financial standing."

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