CNYRP Receives Grant for State-of-the-Art Facility

Central New York Raceway Park (CNYRP) is pleased to announce the approval of $2 million in Competitive grants from the state of New York during the second annual New York State Regional Economic Development Council (REDC) Award Presentation on December 19th. “We (CNYRP) thank Governor Cuomo for supporting the Central New York Regional Economic Development Council and particularly the CNYRP project,” said CNYRP President Glenn Donnelly. “We are pleased that Governor Cuomo shares our vision that CNYRP will create a significant boost to Oswego County and the Central New York economy.”

The funds are part of the $33.3 million in aid requested by the Central New York Regional Economic Development Council. The money will fund improvements to the existing public infrastructure of CNYRP to support the tourist anchoring potential that the raceway offers to Oswego County and the region. “It’s our goal to create a state-of-the-art facility that will create new jobs,” said Donnelly. “With the assistance from the state we will be able to maximize the impact to the Central New York region. “
The Central New York Regional Economic Development Council is made of volunteers from a five county region, and is co-chaired by Syracuse University Chancellor Dr. Nancy Cantor, and CenterState CEO Robert Simpson. The council reviewed 197 funding requests and recommended 34 projects to the state to receive funding. The state governors office reviewed the recommendations and gave final approve of the distribution of funds. “Thanks to the council, we have local say in the way state dollars are used for local economic development in a way we didn’t before.” says CenterState CEO Robert Simpson.

The council considered several variables such as five-year payroll generated, jobs created, jobs retained, total project investment leveraged, and return on investment (ROI). CNYRP received a ROI score of 27.2, the third highest among the 5 county regions of Central New York. The $2 million from the state is the largest amount awarded outside of Onondaga County to the Central New York Region. Last year the state awarded $785 Million to projects statewide.

CNYRP facility plans included a ½ mile synthetic dirt oval covered by the revolutionary SYNDI Synthetic dirt, a 2.2 mile road course, theater style stadium seating for 4,980 spectators, a fifty bay NASCAR style garage, a 350 seat full service restaurant, a 275 seat banquet room, VIP suites, observation deck, and a full television and radio production studio. CNYRP plans to be able to host trade shows, banquets, corporate outings, snowmobile races, and weddings at its 25 million dollar campus. CNYRP anticipates creating 340 construction jobs and 150 permanent jobs, while creating another 240 indirect jobs according to a study done by Columbia University.
For more information on CNYRP visit www.CNYRP.com. Follow CNYRP on Facebook and Twitter.


CNYRP Receives Approval for Certificate of Incorporation for its Harness Racing Corporation 

Oswego Racing, Inc., a subsidiary of Central New York Raceway Park (CNYRP), received unanimous approval August 30th from the three member State Racing and Wagering Board to incorporate. The decision allows Oswego Racing, Inc. to start the process of applying for a harness race track license in New York State. If approved Oswego Racing, Inc. plans to run harness racing at its ½ mile synthetic dirt surface track. “We are excited by the approval,” says CNYRP President Glenn Donnelly. “It’s our goal to make CNYRP a year round facility.”
Currently there are three other companies that are incorporated and vying for a license. Oswego Racing, Inc. is unique among the four competitors in that they are willing to open a harness track without adding a racino. If approved Oswego Racing, Inc. will be the 8th and final licensed harness race track approved by state regulators. “Our core business will be motorsports events on our proposed 2.2 mile road course and ½ mile synthetic dirt oval track,” says Donnelly. “Though we hope to obtain the last harness racing license, our plans are not contingent on the approval of the license.”
The ½ mile synthetic dirt oval will be covered by the revolutionary SYNDI Synthetic dirt, which is virtually dustless. SYNDI has a freezing point below 20 degrees Fahrenheit, allowing the surface to be used for horse racing in the late fall and early spring. “If we were to add harness racing to CNYRP we plan on running the events around the motorsports season which typically runs between May and September,” says Donnelly.
Besides the 2.2 mile road course and ½ mile Synthetic dirt oval CNYRP will feature theater style stadium seating for 4,980 spectators, a fifty bay NASCAR style garage, a 350 seat full service restaurant, a 275 seat banquet room, VIP suites, observation deck, and a full television and radio production studio. CNYRP plans to be able to host trade shows, banquets, corporate outings, snowmobile races, and weddings at its 25 million dollar campus. The facility anticipates creating 150 permanent jobs and well over 300 construction jobs.
The CNYRP project is backed by a group of investors spear headed by Donnelly. Donnelly owned and operated DIRT Motorsports until its sale in 2004. The Oswego Racing, Inc. board includes Donnelly, John Lehmann, Gregory Rigby, Gary Rowe and Peter Maciulewicz.
For more information on CNYRP visit www.CNYRP.com. Follow CNYRP on Facebook and Twitter.

CNYRP Completes Successful Test of Synthetic Surface at Myrtle Beach Speedway

Committed to having the most innovated technology at its 25 million dollar multi-use facility, Central New York Raceway Park is glad to announce the successful test of a new synthetic wax finish coating at Myrtle Beach Speedway. The test was conducted under racing conditions at the ½ mile semi banked racetrack. “We (CNYRP) always want to be on the cutting edge of technology,” says CNYRP President Glenn Donnelly. “We can’t be more pleased on the results of the test. We received great feedback from the drivers, and look forward to implementing the synthetic wax coating at CNYRP.”
The petroleum based synthetic wax was originally developed for golf cart paths in the southwest to keep the path cool and extend the life of the golf cart tires. It has since been applied at several airport runways to reduce the tire wear during landing and takeoff. The goal of the test at Myrtle Beach was to see if the substance could expand the racing surface and reduce tire wear. Both of these goals were achieved during the test. “I think the test went great,” says Myrtle Beach Speedway Owner Robert Lutz. “The wax coating did exactly what we wanted it to do.”
The wax was applied to a two car wide section in both corners of the speedway. Tested under racing conditions the surface proved it could handle the abuse of cars driving over 120mph as well as provide enough grip to extend the racing groove and allow for side by side racing. “I was most pleased with the fact that no rubber balled up and created marbles in the high groove,” said Donnelly. “It allowed the drivers to run the high line to save their tires. In fact the winner used the high line to pass for the lead. It made for some great side by side racing.”
Since the test, about a month ago, the Wax coating has continued to be a benefit for Myrtle Beach Speedway. Myrtle Beach Speedway is one of the leaders in NASCAR sanctioned tracks in Late Model Stock car counts and has significantly reduced tire wear. “I’m very pleased how well the synthetic wax coating has held up,” says Lutz. “It has helped our competitors immensely, allowing them to only have to buy two tires a week instead of four.”
Unlike other similar synthetic surfaces, the Life expectance of the synthetic wax coating is guaranteed for two years, but expected to last up to 5 years. Current plans are to apply the Petroleum based wax finish to the 2.2 mile road course at CNYRP. The finish will help reduce tire wear and provide more passing zones than a normal road course. The synthetic wax test was documented by the video cameras of Team E Media and is available for the public to view on CNYRP.com and youtube.com. Tracks and Competitors interested in more information about the synthetic wax finish can contact CNYRP at info@CNYRP.com.
CNYRP will be a state of the art multi-use facility in Central Square, NY. Upon completion CNYRP will feature a 2.2 mile road course, ½ mile synthetic dirt racing oval, 4,980 seat grandstands, 50 bay NASCAR style garage, a 275 seat banquet facility and a 350 seat restaurant.
For more information visit CNYRP.com. Follow CNYRP on twitter and Facebook.