Monday, October 20, 2014

Pocono Raceway receives $1M grant for renovations



Pocono Raceway in Long Pond has received a $1 million Pennsylvania economic growth initiative grant to assist with the racetrack’s renovation and improvement plan.


“This raceway is a major tourism catalyst for Pennsylvania, bringing in tourism dollars from neighboring states and around the country,” said Pa. Gov. Tom Corbett, who is up for re-election next month. “This investment will help ensure the safety of event spectators as well maintain the viability of this worldwide destination.”

The project will include substantial improvements to the raceway’s main facility entrance with the rebuilding of two, 50-year-old tunnels. These tunnels provide the only entrance to and exit from the infield of the racetrack. The project also includes construction of a pedestrian walkway.

“As a structure that has stood for as long as this, safety becomes paramount in what we look at in projects that we must undertake here at Pocono Raceway,” said Brandon Igdalsky, raceway president and CEO. “This project not only will shore up the safety and longevity of this area of the property, but also increase that first impression of a facility that is instrumental to tourism in the Pocono Mountains.”

Pocono Raceway officials said the venue has generated more than $250 million in income annually for northeast Pennsylvania residents. The attraction also supports more than 2,700 jobs and has generated almost $15 million of tax revenue for the state

Source: LVB.com

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