IMEDC Announced a Broad Coalition to Accelerate Construction of its Proposed State of the Art Motorsports Complex Within the Minneapolis-St. Paul Market

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International Motorsports Entertainment and Development Corporation, IMEDC, a Minnesota Corporation, is forming a broad based coalition to provide the necessary platform to begin construction of its proposed state of the art motorsports facility and commercial mixed use business complex for the Minneapolis- St. Paul area of Minnesota and to accelerate this process to a fast completion.

International Motorsports Entertainment and Development Corporation, IMEDC, is forming a broad based coalition of community leaders to provide the necessary platform to begin construction of its proposed state of the art motorsports facility and commercial mixed use business complex for the Minneapolis and St. Paul area of Minnesota and to accelerate this process to a fast completion.

The coalition supporting this project will be comprised of representatives from Fortune 500 and Fortune 1000 companies plus federal, state and local politicians, The Minnesota Chamber of Commerce and The Minnesota Department of Tourism as well as the automotive, truck and motorsports industries. This coalition also will include representatives of insurance, hospitality, manufacturing, marketing, advertising, legal and real estate businesses as well as construction and trade unions and many other business entities.

The Minneapolis and St. Paul area is one of largest un-served markets and ranks in the top 10 of all the U.S. Markets for major motorsports events. Minnesota is currently home to several corporations already involved with NASCAR, the Indy Racing League (IRL) and the National Hot Rod Association (NHRA). These corporations include The Target Corp., Best Buy, 3M, General Mills, Northern Tool, Fastenal, Valspar and many others.

Even in this current economy, motorsports activities have remained extremely popular and strong, and this well planned facility will bring much needed revenue and jobs to the state of Minnesota, in both the construction phases, and long term jobs after completion.

IMEDC has already engaged many interested companies who are already part of this team coalition, but welcomes the addition of many others wanting to join the coalition.

Interested parties are invited to contact IMEDC.

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Jim Farnum

Scott Long
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