Chance of a Thunderstorm
Weather for San José:
High 29° / Low 18°
Chance of a Thunderstorm
Click here for six-day forecast for 16 communities across Costa Rica!
CLICK HERE TO
SIGN UP FOR OUR FREE DAILY NEWSLETTER
BUY
541.00
SELL
553.00
BUY
584.60
SELL
614.60
BUY
406.18
SELL
430.18
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

Costa Rica Economy Prompts Negative Outlook for ICE Bonds

Fitch Ratings has affirmed Instituto Costarricense de Electricidad y Subsidiarias’ (Grupo ICE) [...]

New Tech Services Center in Costa Rica Offers More than 100 Jobs

San Jose, July 21st 2016. Getinge Group announced the establishment of its new Shared Services Center [...]

Scotiabank Costa Rica Receives Major Unsecured Loan

Banco Latinoamericano de Comercio Exterior, S.A. (“Bladex” or “the Bank”; NYSE: [...]

Mystery of Costa Rica Rail Director’s Resignation Solved

A revolving door cabinet has been an unfortunate staple of the administration of President Luis Guillermo [...]

Concentrix Adds 700 More Positions in Costa Rica

By Wendy Anders Concentrix is a high value business services company operating in 25 different countries [...]

Tigo Business Brings Microsoft Cloud OS Network to Costa Rica

Stockholm – July 13th, 2016 – Millicom’s Tigo Business brand and Microsoft today announce a Microsoft [...]

New Money Transfer and Remittance Service in Costa Rica

Sharemoney, Omnex Group’s online money transfer service, is expanding services to include money [...]

Investors See Lower Expectations for Costa Rica Economy

The latest Central America Country Risk Report by Business Monitor International is now available, and it [...]