TUESDAY,
JULY 2, 2002
By
ANDREW D. SMITH
Staff
Writer
$25.5M complex touted as U.S. venue
TRENTON
– After working in secret for more than six months, developers
have unveiled plans for a $25.5 million complex for extreme
sports – a revolutionary concept that could benefit the
city’s economy and bring visitors from across the nation.
The
230,000-square-foot facility would be the first of its kind in
the nation and one of the biggest private projects in recent
city history.
Besides
two motorcycle racetracks, the three-story facility would
feature a 100-foot-tall wind tunnel for indoor skydiving and
areas for BMX racing as well as in-line skating. Other amenities
would include a pro shop, restaurant, brew pub, nightclub, food
court and state of-the-art arcade.
XArena Motor Sports hopes to break ground this September at an 11-acre site between Route 1 and Brunswick Avenue near Olden Avenue. Doors could open this spring.
”We
didn’t want to say anything before we had the money lined up.
But now we have the majority of the funding, and this thing is a
go,” said Ryan Marshall,
XArena’s director g marketing.
The
proposal has yet to win approval from Trenton’s city council
or its planning board. But the council will begin reviewing the
matter today.
At
the same time, XArena and the city will
continue working toward a deal to transfer the land and settle
matters like financial incentives and local employment
requirements.
Clayton
Keeler, the company has been working with the New Jersey
Economic Development Authority to secure the necessary funds. So
far, Keeler says. Sovereign Bank has signed onto the project.
Keeler expects another bank or two to join in over the next
couple weeks and provide XArena with everything it needs –
less some money that the EDA ”verbally committed” to
contribute. EDA officials would not confirm the existence of any
verbal agreements. According to EDA spokesman Glenn Phillips,
XArena has yet to submit a formal application for the up to $2
million it could get through the Local Development Financing
Fund. ”We expect to have all the paperwork completed and filed
in the next couple weeks,”
said Keeler. A Pennington resident and motocross biker who
founded Witherspoon Inc.. a construction management company.
”At the same time,” he continued. ”We will keep working
with Trenton so that we can achieve the goal of starting work in
September. We realize it is an ambitious pace, but things are
really falling into place. I am about 99 percent sure that
everything is going to go on or close to schedule.”
Trenton
Mayor Douglas H. Palmer says he won’t be quite so optimistic
until he sees proof that XArena has the money to go forward, but
he still believes the project has a ”70 percent chance of
completion.
”The
arena is going to pay nearly $1 million a year in property
taxes, which is a big deal for us. And it’s going to attract
people into the city who will then patronize other businesses
here. All and all, this arena will provide a considerable
economic boost.” XArena officials expect motorcycling to be
the primary activity at the new arena. There will be two courses
– one for experts, the other for less experienced riders –
available for practice runs. There also will be regular races
for aspiring bikers and motocross fans alike.
Exact
figures for seating capacity as well as the price for riding at
the arena were unavailable. Hours of operation will be 9 a.m. to
10 p.m, weekdays and 7 a.m. to 8 p.m. weekends, except race
days. According to several experts, sales of motocross bikes and
related gear has been growing at double-digit rates in the past
11 years. This year, those figures are expected to rise another
17 percent. But aspiring riders from the Northeast and Midwest
face a major problem: Tracks are few and far between, and indoor
racks are nonexistent.
XArena
officials hope the Trenton facility will tap into the enormous
demand for a quality-training center – particularly during the
winter, and observers say their plan may prove a big success.
”I don’t want to sound like a commercial. But to be
perfectly honest with you, this thing could really be
revolutionary,” said Davey Coombs, publisher of Racer X
Illustrated. ”Thousands of people from the northern part of
the country go down to Florida to ride each winter. A place
in Trenton would save them an enormous amount of time,
and I think it will prove an enormous draw.” Coombs, who also
provides color commentary for ESPY during its motorcycle racing
coverage, says he will be among the first people to visit the
new facility. ”Something like this will certainly be worth a
drive from where I live in West Virginia,” he said. ”If this
succeeds, it could start a major trend across the country.”
XArena
hired one of the nation’s largest architectural firms, the
Hillier Group. to design the project. But Hillier officials
would not comment about the building yesterday because they
didn’t have permission from XArena. Renderings of the building
show a futuristic structure with video monitors on the outside.
The wind tunnel appears to be made largely of glass.
Although
Trenton will provide the property to XArena, the city has yet to
acquire the site. Which is still owned by Public Service
Electric & Gas, which once operated a manufactured gas plant
there.
Over
the past three years, the utility has been working on a $14
million cleanup project at the site. Work was scheduled to end
this month.
Officials
from the state Department of Environmental Protection could not
be reached for an update.
City
officials are negotiation with PSE&G to buy the property.
Originally,
they had planned to use a $4.7 million grant from the federal
government to develop a light industrial use there.
But now they are asking permission to use the money to
develop another site.
“It could be a very big added bonus,” Gonzalez said. “If we get permission to use that money elsewhere, we will end up redeveloping 20 or more acres rather than just the 11.





