Wisconsin State Fair Park BOD terminates MMH agreement

WISCONSIN STATE FAIR PARK BOARD TERMINATES LICENSE AGREEMENT WITH MILWAUKEE MILE HOLDINGS LLC WEST ALLIS, WI - February 12, 2009 - The Wisconsin State Fair Park Board of Directors has elected to terminate its agreement with Milwaukee...

WISCONSIN STATE FAIR PARK BOARD TERMINATES LICENSE AGREEMENT WITH MILWAUKEE MILE HOLDINGS LLC

WEST ALLIS, WI - February 12, 2009 - The Wisconsin State Fair Park Board of Directors has elected to terminate its agreement with Milwaukee Mile Holdings LLC, the current operators of The Milwaukee Mile race track. In an effort to protect racing at the country's oldest operating race track, the Fair Park Board felt it best to terminate the agreement now. "The Fair Park Board has made every effort at reasonable negotiations with Milwaukee Mile Holdings," stated Susan Crane, chairwoman of the Fair Park Board of Directors. "The Board felt the time had arrived to take decisive action to ensure there is racing at The Mile this summer."

The Fair Park Board is currently in the process of contracting with Wisconsin Motorsports, LLC. The Board expects a seamless transition because the new promoter has significant experience managing day-to-day track operations and race events such as the INDYCAR SERIES and NASCAR's TRUCK SERIES and NATIONWIDE SERIES. The new promoter expects to operate all the currently scheduled races during the upcoming season as well as some additional events. Through negotiations with the new promoter, the Fair Park Board has ensured that tickets already purchased by race fans for events at The Milwaukee Mile in 2009 will be honored by Wisconsin Motorsports, LLC.

The Fair Park Board and Milwaukee Mile Holdings have been in negotiations for the past several months, and have continued talks since track operators provided notice in mid-December 2008 that they would cease operation of The Milwaukee Mile by December 2010.

-credit: state of wisconsin

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