[caption id="attachment_89584" align="alignnone" width="500"] Sonoma Raceway, seen here from the southeast, wants to host more nonracing special and entertainment events at the 1,600-acre south Sonoma County property.[/caption]
SONOMA -- Sonoma Raceway said it plans to seek a Sonoma County government green light to accelerate into nonracing activities such as a music festival, wine tasting and small social events, while remaining largely within the lines of noise, attendance and other existing limits.[poll id="113"]
The racetrack, owned by South Carolina-based Speedway Motorsports (NYSE: TRK), plans to apply to the county Permit and Resource Management Department in coming weeks for updates to the use permit for the 1,600-acre property at the junction of highways 37 and 121.
It would be the racing venue's most significant permit change since spring 1997, which propelled a $100 million project modernize the track, facilities and infrastructure. Construction started in 2000. The new raceway was unveiled in 2002, though work on ancillary buildings continued for several years years.
This time, there wouldn't be any physical changes, track management said. Rather, the permit update would redefine the raceway as a "special event and entertainment" facility. The current use permit and county General Plan limit activity at the raceway to racing and related-vehicle uses.
"Our use permit reflects a snapshot of activity at the raceway nearly two decades ago," said Steve Page, Sonoma Raceway president and general manager. "The professional sports and entertainment industry has changed dramatically in that time, and our business model needs to change with it. The revisions we’ve proposed will create a platform for the raceway to succeed as a business in the coming decades and to continue as a major regional economic contributor, while maintaining reasonable limits on any disruptive impacts on the local environment."
Presenters of major sporting and entertainment events have been battling economic and technological headwinds, he said. In its recent financial report, Speedway Motorsports attributed its lower revenues last year partly to "negatively impacted by the ongoing weak and uncertain economic conditions, including high unemployment and high fuel, food and health care costs."
"We've been in a period of declining attendance at major events," Mr. Page said. "It has been going on since the 2008 recession and has leveled out, but it is not going in other direction."
Beyond pressures on the visitor are changes in how fans experience sports and entertainment, he said. Prevalence of big-screen televisions and broadcaster innovations for getting viewers closer to the action are making it more difficult to convince fans to leave home.