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HomeMy WebLinkAboutIR 8831INFORMAL REPORT TO CITY COUNCIL MEMBERS -No. 8831 - March # 2007 To the Mayor and Members of s •_•- I of SUBJECT: Proposal to Prepare Texas Motor Speedway Area Master Plan Texas Motor Speedway (TMS) began construction in 1995 on 1,500 acres of land at the northwest corner quadrant of 1-35W and SH 114 in Denton County. Race events began in 1997. TMS can accommodate excess of ii iii spectators and currently hosts '- nationally sanctioned race weekends (2 Nextel, 1 IRL) and numerous smaller events throughout the year. - grounds inclu!- iii acres of parking for up to 80 ,000 vehicles and • sii camp providing - ! • to 40,000 campers on • Series race weekends. cumulative economic impact of TMS experienced by the local economy is expected to reach $3 billion by ii• (Insight Research Corporation, Motor i - -i Complex, f i Forecast i i Employment i Tax Revenue Impact Analysis, ii' As the City of Fort Worth continues to experience rapid growth in the Far North Planning Sector, development interest has increased concerning the land near TMS. The Planning Department — in coordination with the Economic and Community Development Department, the Transportation Vand Public Works Department and the Aviation Department — proposes to address this development interest and associated compatibility issues by preparing a master plan for the area surrounding Texas Motor Speedway. The results of the master plan would include the following: • Assessment of - speedway's • • • environmental imi. on surrounding • the broader r- • • • Recommendations f• • •. i - land uses within the speedway's • - and traffic impact • Recommendations for appropriate infrastructure improvements to support policies and strategies in the adopted Comprehensive Plan. • ! • "• ! • ! • • i i -• • i. • . Research will include= Noise contour and sto,n-water runoff x Traffic imparA, traffic control and crime data analysis, ISSUED BY THE CITY MANAGER T WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS To the Mayor and Members of the City Council No. 8831 March 20, 2007 r ril r. Page 2 of 3 SUBJECT: Proposal to Prepare Texas Motor Speedway Area Master Plan An advisory committee of stakeholders, to be appointed by the Mayor, would include neighboring property owners; public officials from the City of Fort Worth, the Town of Northlake, and Denton County; the Texas Department of Transportation; the 35W Coalition; the North Fort Worth Alliance; and other interested parties. Advisory committee members would include the following: 1. Mac Churchill, Chairman, 35W Coalition (Advisory Committee Chair) 2. Joan Adams, Representative, Harriet Creek Ranch Home Owners Association 3. David Berzina, Executive Vice- President, Fort Worth Chamber of Commerce 4. Mike Berry, President, Hillwood Properties 5. Bill Boecker, President, Fine Line Diversified Development 6. Andy Eads, Precinct 4, Denton County Commissioner 7. Sal Espino, District 2, City of Fort Worth Councilmember 8. Bill Hale, PE, Dallas District Engineer, Texas Department of Transportation 9. Scooter Gierisch, Chair, Northwest Communities Partnership 10. Eddie Gossage, President and CEO, Texas Motor Speedway 0 11. Katrina Keyes, President, K Strategies Group, LLC 12. Rosa Navejar, President and CEO, Fort Worth Hispanic Chamber of Commerce 13. Sam Oliasami, General Manager, Doral Tesoro Hotel and Golf Club 14. Dave Larson, Representative, Beechwood Creeks Residential Home Owners Association 15. Laura Lee Phillips -Hogg, Executive Director, North Fort Worth Alliance 16. Karen G. Rue, Ed. D, Superintendent, Northwest l.S.D. 17. Tim Ward, President, Alliance Air Services 18. Eric With, Office of U.S. Congressman Michael C. Burgess 19. Robin Young, Mayor of Northlake After receiving Council authorization, the Planning Department would operate on the following tentative schedule: ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS