The lead player, GPX Partners LLC of Dallas, will break groundin March 2003 on the Boundless Motorplex, a racing complex beingdesigned for national and international events for motorcycles,cars, jet skis and boats. Key to the decision to buy the Waxahachieacreage is the town's proximity to Dallas-Fort Worth.

The land had been assembled reportedly for another venue by TedR. Ezzell and Sherry Conyers, principals in Dallas-based TreeDevelopment Inc. when the consortium put in an offer for the 1,420acres. The land fronts US Highway 287 and is three miles fromInterstate 35 and nine miles from US Highway 45. A 100-acre tractof highway frontage is being land banked for future retaildevelopment, including a hotel and 40,000-sf, five-dealershipmotorcycle sales building, Leslie Wulf, GPX Partners president,tells Coldwell Banker Commercial SA handled theintricacies of the transaction.

Wulf says the development partnership started kicking around theidea just eight months ago. The original plan was to build a$20-million single track for street racing. That 3.2-mile roadracing course now is the centerpiece for a much larger project, onewith a 180-acre, five-track Motocross Village and a 50-acre lakefor jet ski and boat competitions.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.