During a recent government meeting, discussions centered on a proposal aimed at revitalizing the Guam racetrack, which has faced operational challenges for over six years. The proposal, initiated by the Guam Racing Federation (GRF), seeks to establish a two-year lease agreement with the CHamoru Land Trust, allowing the racetrack to resume operations while addressing liability and insurance concerns.
The meeting highlighted the GRF's new board of directors, which includes members such as Joey Crisostomo and Michael Limtiaco, who expressed a commitment to moving forward in good faith. The CHamoru Land Trust has been hesitant to approve long-term leases due to legal constraints and scrutiny from the attorney general regarding their mandate. However, there is optimism that a short-term lease could be a viable solution, with assurances from the land trust that they might be able to proceed within 60 days.
Senators emphasized the importance of collaboration among stakeholders to ensure the racetrack's future, noting that the community has invested significant taxpayer resources into the facility. The Guam Motorsports Association, a newly formed nonprofit, also participated in the discussions, indicating a desire to support the racetrack's reopening.
The meeting concluded with a call for unity and cooperation among all parties involved, as the community looks forward to the potential revival of motorsports activities on the island.