From a press release issued by GPX Partners:

GPX PARTNERS TO DEVELOP BOUNDLESS MOTORPLEX,
A NEW RACING COMPLEX IN WAXAHACHIE, TEXAS



DALLAS–GPX Partners, L.L.C. has announced the acquisition of a 1,420-acre parcel of land in Waxahachie, Texas, for the development of Boundless Motorplex, a master-planned multi-faceted racing complex. The complex will consist of three main race venues, the focal point of which will be a 3.2-mile-long road racing course, which will be both Federation Internationale de L’Automobile (FIA) and Federation Internationale de Motocyclisme (FIM) approved. Boundless Motorplex will be developed over the next 18 to 24 months with racing events scheduled for the 2004 racing season.

At present there are no racetracks in the United States with FIA/FIM approval. In addition to the road racing course, the Boundless Motorplex complex will include a motocross village consisting of five tracks and a 50-acre jet ski and jet boat racing lake.



Total development cost of the complex is estimated to be $100 million. The firm of Alliance Architects has been selected to develop the masterplan. Waxahachie is 25 miles south of Dallas on Interstate 35 and 35 miles south of Fort Worth via Highway 287. The subject tract is located on Hwy. 287 minutes from I-35 and I-45 and is within 45 minutes of DFW International Airport. The property has more than a mile of highway frontage along Hwy. 287.

The road course will be surrounded by 100,000-grand stand seat, 120 track-side condominiums, more than 150 skyboxes, a luxury RV resort, five racing schools, manufacturer and racing team testing facilities, a racing-related business park, motorsport storage, and permanent garages. An 18-hole championship golf course will be built adjacent to the racing amenities.



“We are very pleased that has Boundless Motorplex selected Waxahachie as the site for their racing complex,” said Joe Jenkins, Mayor of Waxahachie. “A project of this magnitude will have a significant impact on the Waxahachie economy and provide a direct economic stimulus for our area.”

Les Wulf, president of GPX Partners, said, “We feel that the Metroplex as a whole and the City of Waxahachie in particular will be the ideal host partners as we hold international, national and regional events at the race complex. We hope to bring significant economic value to the area. This modern, state-of-the-art road racing course will set a new tone and standard for road racing courses in the USA for years to come and our overall complex will make it one of the premier sporting venues in the country.

“Our emphasis will be on safety, having the most modern and technologically advanced road track for both cars and motorcycles,” Mr. Wulf added.



Having both FIM and FIA approval will allow Boundless Motorplex to attract national racing events as well as international events that presently do not race in the USA. “We are in discussions with numerous racing organizations all over the world about staging events at our complex in the 2004 racing season and beyond, and we should have some very exciting announcements over the next two months,” said Bobby Hartslief, chief development officer for GPX Partners.

Jesse Shelmire, GPX chairman, added, “Boundless Motorplex will rank among the top world class racing venues in the world, and its success will be bolstered by the unique group of individuals we have assembled in GPX Partners. To address every aspect of this project, we have handpicked board level people that have world class experience in building, promoting, participating, or managing a complex like the one we are developing. I felt it was important to build this project in the DFW area due to the absence of a true road coarse in one of the best racing demographic location profiles in the world. (A listing and background sketch of each of those individuals is included herewith.)

Placing the land under contract was the culmination of a five-month search by GPX officials encompassing the entire DFW area. The search and contract were negotiated for GPX Partners by Coldwell Banker Commercial SA. from properties owned by Ted R. (Rick) Ezzell and Sherry Conyers, principals of TREE Development, Inc.

For more information contact Leslie Wulf by email, [email protected] or by telephone 214-679-5263.