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County approves economic development agreement for Pan Am Speedway in Tornillo/Fabens area
Summary
Commissioners approved a chapter 381 economic development agreement to support Pan Am Speedway, a proposed multiuse racetrack and events venue in the county's east side; developers said the facility will generate construction and permanent jobs, tourism and new tax revenue, and commissioners discussed safety and traffic controls.
The county on Aug. 18 approved an economic development agreement under Chapter 381 with the developers of Pan Am Speedway, a proposed motorsports and events venue planned in the Tornillo/Fabens corridor.
Economic Development staff presented the negotiated agreement and said the project's backers intend to build a racetrack and a multiuse event venue to host motorsports, concerts and community events. Developers and investors told the court the facility will create construction jobs…
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