Motorsports Gateway

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Revving Up for Construction Progress Through Winter

Diagram showing 6 major construction milestones projected for completion in 2024

NOVEMBER 30TH, 2023

As we power through the winter months, Motorsports Gateway Howell is pleased to share an exciting monthly update on the latest developments in our ongoing construction project. The hum of heavy machinery continues to echo across our automotive district as we forge ahead with our commitment to deliver an unparalleled experience for motorsports enthusiasts.

Current Construction Milestones:

1. Access Road - A Gateway to Efficiency

One of the key accomplishments this month has been the continued construction of our temporary access road. This crucial infrastructure development provides a streamlined route for large equipment and materials, ensuring efficient access to different areas of our expansive development. As we navigate the challenges of winter, having a well-constructed road is pivotal for maintaining progress and optimizing resource usage.

2. Advancing Stormwater Management

In tandem with the access road, we’re continuing the installation of our intricate stormwater management systems across the property. This underscores our commitment not only to the success of our venture but also to environmental stewardship. Collaborating closely with the Michigan Department of Environment, Great Lakes, and Energy (EGLE), we're implementing measures to preserve and protect local ecosystems and wildlife, crucial components of our automotive district's unique charm.

3. Construction Yard Ready for Action

The setup of our construction yard has been successfully completed, allowing us to stockpile construction materials strategically. This preparation is a testament to our determination to keep construction momentum high throughout the winter season. By proactively ordering and storing necessary supplies, we're ensuring that every aspect of our project stays on track.

Looking Ahead: The Roadmap to Completion

In the spirit of transparency, we're sharing an outline of our planned construction milestones for the upcoming months:

  • Start Condo Foundations: January 2024

  • Complete Access Road: January 2024

  • Complete Stormwater Management: March 2024

  • Start Erecting and Enclosing Condos: May 2024

  • Complete Driving Circuit Surface: July 2024

  • Finish Erecting and Enclosing Condos: December 2024

Addressing Challenges: Navigating Challenging Weather

Undoubtedly, every construction project encounters its share of challenges. This year, our progress faced a hurdle with unusually heavy rain and unfavorable weather, that especially impacted the development of our world-class driving circuit. Due to the level of precision we are striving for at MGH, optimal weather conditions are essential for establishing the base course of the circuit. Unfortunately, we couldn't secure the extended periods of favorable weather needed before the end of the year. However, our team remains resilient, adapting strategies to overcome these obstacles and ensure we deliver the best possible results.

Answering Your Questions: Features and Amenities

One of the more common questions we've received is about the specific features and amenities integrated into the Motorsports Gateway Howell project. While we're keeping some features under wraps, rest assured that our development includes cutting-edge technology. The driving circuit, at the heart of our venture, promises an unparalleled experience for motorsport enthusiasts.

As we move forward, our team is dedicated to maintaining open communication. We appreciate your continued interest and support as we accelerate toward the completion of Motorsports Gateway Howell, a destination experience that will redefine the landscape of private automotive luxury.

Notice Regarding Forward-Looking Statements

This communication may contain forward-looking statements within the meaning of the securities laws, including statements regarding our future business plans, growth prospects, and strategic initiatives. These forward-looking statements are based on current expectations, estimates, forecasts, and projections about our business and industry, as well as on management's beliefs and assumptions. Statements that are followed by or include words such as "aim," "anticipate," "believe," "estimate," "expect,” “forecast,” "intend," "plan," "project," "seek," "may," "could," "will," “should,” or similar expressions and narratives thereof are subject to this notice. Forward-looking statements may include, but are not limited to, statements regarding anticipated future plans or performance, projections and expectations, market trends, expansion opportunities, and potential strategic partnerships or acquisitions. These statements are subject to various risks, uncertainties, and assumptions, including those described in our newsletters, website, and filings with regulatory authorities.

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Actual results may differ materially from those expressed or implied by these forward-looking statements due to various factors beyond our control. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Our general audience and stakeholders are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.