Manitowoc, WI (WTAQ) – Meijer Stores has offered to purchase part of the Manitowoc County-owned Expo property – a plan which includes removal of the grandstand and racetrack.
According to documents provided by County Executive Bob Ziegelbauer, Meijer would purchase 27.5 acres of property for $4.6 million.
The sale wouldn’t close until after Sept. 15, 2016, allowing stock car racing to continue for one more season. After that, the grandstand and racetrack would be removed.
Parking would be moved to other locations on the Expo grounds.
Revenues from the sale would be used for Expo grounds, Ziegelbauer said.
“This endowment will be a special fund and provide long term financial viability for the Expo in the current location,” states the information provided to county supervisors.
The Public Property Committee and the Finance Committee have been briefed on the offer already, with the Expo Board to consider it at their next meeting, his letter states.
Meijer has previously announced plans to build stores in Grand Chute, Howard and Bellevue.
