Developers today announced plans for a new $100 million motor sports racing facility on the Northshore. It is planned for an area west of Interstate 55 near Kentwood.
Officials say the Louisiana International Speedway will feature "a one-mile oval asphalt paved track, a quarter-mile drag strip and a drag boat racing course."
Developers say they plan to hold stock car racing, National Hot Rod Association drag racing and International Hot Boat Association events.
The 1500 acre site could also host concerts, festivals and other events. They hope to open it in the fall of 2008.
Governor Kathleen Blanco says the project is expected to generate between 600 and 800 jobs and break ground this summer.
Jerry Lowrie, president/founder of Louisiana International Speedway says, "We have been working on this project for a couple of years and after doing a considerable amount of research we have concluded that this part of the country is an excellent location for this type of sports facility."
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