Speedway Corp. Nets $80M For 676-Acre Staten Island Site

Law360, New York (August 6, 2013, 6:07 PM EDT) -- The International Speedway Corp. on Monday sold a 676-acre piece of property on Staten Island where a racetrack had originally been planned for $80 million to a marine development company that plans to remediate the land, ISC said in a statement.

Staten Island Marine Development LLC purchased 100 percent of the outstanding equity membership interests of the ISC affiliate that owned the land after three years of negotiations, and said it would begin remediation immediately.

The deal will pave the way for future commercial development as...
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