We sent out our press release this morning, and are already seeing great write-ups online from The Cleveland Leader, Crain's Cleveland Business, and The Plain Dealer. Hoping to see a printed story in tomorrow's PD, and next week in the Scene -- word's getting 'round!
This blog (not updated since the summer, sheesh) will be showing updates more regularly as news unfolds at a more frequent pace... stay tuned, become a fan of our Facebook page, and if you're hip enough, keep up with our Twitter feed. Look for tasty bicycle quotes up there in the corner of our blog, too!
Here's the text of the press release:
FAST TRACK CYCLING, INC. PLANS 150,000-SQUARE-FOOT INDOOR SPORTS COMPLEX WITH OLYMPIC-STYLE VELODROME IN CITY OF
Group contracts to purchase nine-acre site for an indoor multi-use recreational facility for track cycling and other recreational activities
CLEVELAND, January 27, 2010 – Fast Track Cycling, Inc., a Cleveland-based, non-profit 501(c) (3) organization, is pleased to announce that it has entered into a real estate purchase option agreement with the City of
Track cycling is a bicycle racing sport that is featured in the Olympic Games and held on specially built banked tracks or velodromes.
The project will help to revitalize the
A detailed budget and operational projections have been developed. Overall project costs are estimated at $6,500,000. Fast Track is seeking naming rights sponsors, corporate sponsors, foundation grants, federal/state/local grants, and charitable donations from the cycling community.
To date, Fast Track has been funded by a $30,000 grant from Civic Innovation Lab and other donations totaling $7,000 while another $45,000 has been pledged for the capital campaign.
Fast Track is collaborating with Slavic Village Development Corporation and has received positive responses from the Mayor’s Office, members of City Council, and the
Planning Commission. Fast Track plans to work closely with various neighborhood groups including Sokol Greater Cleveland.
“The sale and use of this vacant City Land Bank property for a Sports/Olympic-style cycling training center is a welcomed economic opportunity and major boost for
“Bringing a velodrome and recreational facility to the Broadway/Slavic Village community will not only add an important recreational amenity for residents,” said Ward 5 Councilwoman
“This is a terrific opportunity for
The 14-member volunteer Board of Trustees has legal, business and finance, political, non-profit, fundraising, construction, and cycling backgrounds. Four board committees include:
- Site Selection/Acquisition
- Fundraising/Corporate Sponsors
- Health & wellness – all abilities, all access, all community
- Youth programming
- Urban redevelopment
- Year-round community, recreational, elite and regional use
- Nationally unique venue to attract and retain young, active adults to
- Appeal to a growing market –
area cyclists Cleveland
- Ability to host regional, national and international events throughout the year
- Potential training center for Olympic and professional cyclists (road and track)