Thunderstorm
Weather for San José:
High 30° / Low 18°
Thunderstorm
Click here for six-day forecast for 16 communities across Costa Rica!
CLICK HERE TO
SIGN UP FOR OUR FREE DAILY NEWSLETTER
BUY
545.00
SELL
557.00
BUY
606.26
SELL
636.26
BUY
414.80
SELL
438.80
Banco BAC
Banco BCR
Banco Nacional
Banco Popular
Banco Scotiabank

La Nacion Buys La Guácima Speedway for $12 Million

Share this article

La Guacima Raceway Costa RicaOn Thursday Costa Rica’s leading newspaper, La Nacion announced the purchase of the Autódromo La Guácima speedway for US$12 million dollars, with the prospect of investing another US$28 million to turn the site into a centre for large-scale events.

Located on 28.2 hectares in La Guácima, Alajuela – twenty minutes from the San Jose International Airport and just thirty minutes from downtown San José – the Autodromo La Guacima is widely recognized as one of the finest racing facilities in Latin America. Inaugurated in 1974, it is in operation twelve months of the year and frequently hosts high profile international auto and motorcycle racing series.

Antonieta Chaverri, official spokesperson for La Nacion, said the speedway will be remodeled to facilitate more than just motorsports, but also exhibitions, concerts and conventions, among other events.

The opening of the new centre will be for the summer 2015, subject to construction and operating permit approvals.

Chaverri added that the purchase was approved by the La Nacion board of directors earlier this month and the company is using its own resources to pay for the purchase.

Carlos Rodríguez, former owner of the speedway, said he has had several suitors for the property.

The decision for La Nacion to buy the property and invest in the remodeling is a decision “seeking to maintain and strengthen the solidity of the company and increase profitability in the medium term”, said Chaverri.

La Nacion sees the Autódromo La Guácima as an ideal place for marketing events and fairs.

Print Friendly

Related Articles

Major Business Success for Costa Rica Free Trade Zones

More than 82 thousand direct jobs and 43 thousand indirect jobs generated, a return of $3.179 billion on [...]

Vielen Dank! German University Opens Costa Rica Research Center`

Universität Osnabrück, part of the Lower Saxony state of northwestern Germany, recently inaugurated a [...]

Costa Rica Participates in Major Regional Business Summit

The Latin American Business Council, known as CEAL, said Thursday that the region should take advantage [...]

New Container Shipping Service Between the U.S. and Costa Rica

As part of Crowley Maritime Corporation’s goal to help customers increase the velocity of their supply [...]

Costa Rica Ranked 45 in World’s Most Innovative Economies

Costa Rica is the second most innovative economy in Latin America, and it is ranked  45 in the world [...]

Costa Rica’s 2nd Quarter Unemployment Remains Unchanged at 9.4%

By Wendy Anders Business leaders expressed their concerns over stagnant unemployment after 2nd quarter [...]

Costa Rica and Germany Sign Agreement to End Double Taxation

By Wendy Anders Last Wednesday August 10 at Germany’s Federal Foreign Ministry Office, Costa Rica and [...]

Hiring Foreign Workers in Costa Rica

Establishing a business enterprise in Costa Rica is a fairly straightforward process that has [...]