Rockingham to be Sold

Rockingham Motor Speedway will be sold to housing developers in November, but its future as a racing venue has been assured for at least five years

Rockingham to be Sold

Corby Developments Ltd (CDL) plans to build more than 5,000 houses next to the track after purchasing the land, but will lease back the track to its current management for five years with a possible extension afterwards.

The housing development - called Priors Hall - is to be integrated beside the track with the aim of attracting homebuyers who are motor racing fans.

Managing director of CDL Alfred Buller said: "The type of people that will be attracted to Priors Hall will probably like cars and golf and that will be a key part of our marketing strategy. We expect that this will result in a positive outcome for all.  This will be a real landmark deal enabling the Priors Hall development and Rockingham to live side-by-side.

"The two companies are at first sight unlikely bedfellows. CDL are about to start one of the largest housing developments ever seen in this country and it sits next to a race track.  They will be integrated in a park development that has Rockingham at one side and a golf course at the other."

The £70 million facility was opened in May 2001 and took more than two years to build. It hosted Champ Car World Series races in 2001 and 2002, but struggled with crowd attendance. 

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