This was a while ago few years ago. I just ran across an update on this getting green light. Its an investment project by a Kuwaiti investment firm
They want to have it ready by mid 2015 - Fort Erie Times article:
UPDATE: Fort Erie Speedway Gets Green Light
By Matt Day, Niagara Falls Review
Thursday, June 6, 2013 5:12:40 EDT PM
FORT ERIE - The decision was worth the wait, said proponents of the Canadian Motor Speedway. The $400 million speedway project can now move forward following a decision made by the Ontario Municipal Board to deny an appeal opposing the adjudicative tribunal’s original November ruling. “It’s been a long time and a long journey and we’re finally glad the decision has come forward,” said Fort Erie Mayor Doug Martin. “Our next step is meeting with Azhar (Mohammad, executive director of the speedway) to get his team together and the documents together to move forward with the project and put shovels in the ground.” In the 17-page document released shortly after 11 a.m. Thursday, the OMB decision states the environmental group Preservation of Agricultural Lands Society “has not made out a convincing and compelling case — or, indeed, any case — that (OMB vice-chair Susan de Avellar) Schiller violated the rules of natural justice and procedural fairness.”…
…The Canadian Motor Speedway released a statement saying they will enter the final detailed site plan approval phase after waiting more than six years since the complex was first proposed. “We are evaluating a groundbreaking date. However, our priority is to begin work on the new Miller Creek enhancement this summer,” Azhar Mohammad said. “While CMS works with Fort Erie on final site plan approval, investors are evaluating an appropriate time to stage a ground breaking, with a target to complete the core facility by the third quarter of 2015,” the statement said.
Read more: http://www.forterietimes.ca/2013/06/…-appeal-denied
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