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Miller Motorsports Park Sale Vacated by Judge

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Miller Motorsports Park is set to change hands, after the Miller family’s LHM Group decided not to renew its lease with Toole County on the property.

This created a situation where bids were tendered for a new operator, which lead to Mitime Utah Investment, LLC — a subsidiary of Chinese company Geely Holding Group, which is also the owner of automotive company Volvo — winning the bidding process with a sum of $20 million, two months ago.

That sale though has been vacated by Third District Judge Robert Adkins, who agreed with the petition of Center Point Management (CPM) that the company’s $22 million bid should have won, since it was higher and the County has an obligation to sell the property for the most money.

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Racing

Tooele County Aims to Keep Motorsports Park Running

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The Tooele County Commission is searching for a new operator of the Miller Motorsports Park, according to The Salt Lake Tribune.

With the Miller family set to stop operating the track and its facilities at the end of October this year, the county is keen to find a new business partner to lease the 500 acres of land to.

“Our major interest is to enter into a partnership, whether that be an outright sale or a lease” with an entity whose “core competency” is running a facility like the one the Millers are abandoning, said County Commissioner Sean Milne, while speaking to the The Salt Lake Tribune.

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Miller Motorsports Park To Cease Operations

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It is a sad day for motorsports fans near Salt Lake City, as Miller Motorsports Park will cease operations at the end of October this year, the track has announced.

The news comes from the Larry H. Miller Group (LHM), the track operator, which has decided not to renew its lease with Toole County on the property, thus effectively closing the track and ceasing its operations.

This news will not affect the schedule of racing events (including the MotoAmerica round in June), driving schools, public karting access, and other group activities that are currently planned at the facility, but it does raise some question marks regarding what will happen to the space once the LHM is no longer running it.

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Larry H. Miller, Founder of Miller Motorsports Park, Dies at the Age of 64

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It is with sad news that we report that yesterday, February 20th, that entrepreneur and philanthropist Larry H. Miller passed away at the age of 64 from complications due to type-2 diabetes . Miller owned the Utah Jazz, numerous car dealerships, movie theaters, and commercial real estate properties, but in the world of Asphalt & Rubber he was most known for building the Miller Motorsports Park that opened in 2006. The track, located in Tooele, UT, quickly garnered a reputation as being one of the premier venues in the country and hosted ALMS, Grand-Am, NASCAR, and AMA Superbike races. In addition to his business ventures, Miller was well known for his generosity. He and his wife provided close to 300 college scholarships every year and donated millions of dollars to local colleges and universities. Press release after the jump.

 

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