Dallara U.S. base operations in Speedway, Ind., construction ahead of schedule

Dallara U.S. base operations in Speedway, Ind., construction ahead of schedule

FOR IMMEDIATE RELEASE
July 19, 2011

For more information, contact:
Blair Mulzer
bmulzer@hirons.com
(317)650-9199

Dallara U.S. base operations in Speedway, Ind., construction ahead of schedule
Innovative facility to be anchor tenant on Speedway’s Main Street

One year after the Speedway Redevelopment Commission; Dallara, LLC; and the Indy Racing Experience announced that Speedway, Ind., would be home to Dallara’s new facility that will manufacture and assemble its new chassis for the 2012 IZOD IndyCar Series season, officials are pleased to announce that the construction project is ahead of schedule.

“Construction of our new facility is up to speed,” said Stefano de Ponti, U.S. director of operations, Dallara, LLC. “While we planned for the facility to open in November, we will be able to move some departments in by the end of October and be fully operational by November.”

The building, which will also house the Indy Racing Experience, is Dallara’s only facility outside of its headquarters in Parma, Italy. Dallara is temporarily operating from the Motorsports Technology Center on Main Street, which will ensure testing of the 2012 IZOD IndyCar Series Safety Cell occurs in Speedway. De Ponti says the organization and other suppliers will begin prototype assembly and engine testing at the Motorsports Technology Center by the end of August 2011.

Speedway Redevelopment Commission Executive Director Scott Harris says the 100,000-square-foot, $6 million Dallara building will be the first of several structures that are reshaping Main Street. He says they hope to have three or four more announcements of facilities along Main Street within the next several months.

“Welcoming Dallara as the anchor tenant on Main Street will help us attract new investments and, ultimately, visitors to our local shops, restaurants and businesses,” Harris said.

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About the Speedway Redevelopment Commission
The newly-completed Main Street project is the first milestone in the town’s Redevelopment Area One and is part of a $500 million investment to breathe new life into 400 acres of multi-use property that will be primed for commercial, shopping, entertainment, residential and research and development projects. Made possible through private and public investment, the redevelopment zone will be a vibrant, thriving and attractive downtown that will foster growth within the existing business community and encourage development of new business. SRC consists of five volunteers appointed by the Speedway Town Council. Using input from the entire community, the commission is charged with developing a plan to revitalize a 700-acre area, including Speedway’s Main Street.

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Tim Gropp
Economic Development Director
(317) 240-1315

Tim Ramion
Executive Assistant
(317) 481-0847

5620 Crawfordsville Rd, Suite M
Speedway, Indiana 46224

Phone: (317) 481-0847

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