New Group Takes Over Management Of Laguna Seca From Monterey County

New Group Takes Over Management Of Laguna Seca From Monterey County

© 2023, Roadracing World Publishing, Inc. From a press release issued By WeatherTech Raceway Laguna Seca:

Editorial Note: For many years in the past, SCRAMP (Sports Car Racing Association of the Monterey Peninsula) was the concessionaire and the management/operations group for what is now known as WeatherTech Raceway Laguna Seca. SCRAMP did deals with sponsors, daily track renters, and race sanctioning bodies like AMA and Dorna and then shared revenues/losses and expenses from rentals and events with Monterey County, which owns the track. For the last few years, the track had no concessionaire and commercial deals were done by Monterey County with help from A&D Narigi LLC, which is contracted to manage and operate the racetrack on behalf of Monterey County through the end of 2023. As the new concessionaire, Friends of Laguna Seca will now do the commercial deals for WeatherTech Raceway Laguna Seca and share revenues with Monterey County through the end of 2028 and possibly until the end of 2078, while A&D Narigi LLC will continue to manage and operate the track but will now do so under Friends of Laguna Seca. – David Swarts

 

County of Monterey Board of Supervisors Approves a New Long Term Concession Agreement for Laguna Seca Recreation Area, Home to WeatherTech Raceway Laguna Seca, with Non-Profit Friends of Laguna Seca

New Era Points Toward Ongoing Progress

MONTEREY, Calif., July 18, 2023—In a historic move to ensure the long-term future of the Laguna Seca Recreation Area, home to WeatherTech Raceway Laguna Seca, the Monterey County Board of Supervisors today approved a new, long-term (as long as 50 years) concession agreement with the local non-profit Friends of Laguna Seca.

First District Supervisor and Board Chair Luis Alejo announced the 5-0 decision and hailed it as a significant positive step for Laguna Seca and the community of Monterey County.

“On behalf of Friends of Laguna Seca, I want to thank the Board of Supervisors of Monterey County and A&D Narigi LLC for their cooperation and support in creating this valuable public/ private partnership that will secure the financial stability and long-term future for Laguna Seca,” commented Ross Merrill, President of Friends of Laguna Seca. “The positive energy of this collaboration will serve as a springboard to new opportunities for lasting benefit of Laguna Seca and our local community for many years to come.”

“One of the primary initiatives of the Board of Supervisors when we began managing Laguna Seca in January 2020 was to assess the business and make recommendations on how to improve the facility and its business model,” says John Narigi, President and General Manager of Laguna Seca Recreation Area. “After three years, it is readily apparent that entering into a long-term concession agreement with Friends of Laguna Seca is the right strategy for future financial success and sustainability of the enterprise. The individuals who comprise FLS are all successful business people who share the collective vision and passion for what Laguna Seca can be now and should be in the future.”

The County’s recent investment to repave the racetrack and construct a new Start Finish bridge, together with the A&D Narigi LLC’s continued operation and management of the facility under the Friends of Laguna Seca, this new long-term concession with FLS will bring additional resources and opportunities to Laguna Seca Raceway to elevate the facility to match its world-renowned reputation and world class surroundings for benefit of the local community.

Bruce Canepa, Vice President of Friends of Laguna Seca and long-time supporter of the track sums it up very well, “The FLS Board brings to this partnership extensive backgrounds and success in business, marketing, fund raising, construction and motorsports. For all of us, Laguna Seca is our passion. It is our pleasure to bring together the resources necessary to restore and rebuild this iconic raceway and park for the benefit of the community of Monterey County and Laguna Seca fans worldwide.”

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