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SINGAPORE: The Singapore Sports Council (SSC) confirmed Wednesday it will not proceed with the re-tender for the Changi Motorsports Hub site, effectively putting an end to the ambitious race-track project. This follows the conclusion of an extensive international and local market sounding and Request for Information (RFI) exercise. The council said it was unable to proceed with the re-tender as it could not accede to certain conditions from potential investors. These include requests for flexibility of lease terms and land use, as well as tax concessions. SSC CEO Lim Teck Yin said the land take and proposed use under the project "do not justify an operating model that involves significant government subsidies or concessions". The council had received seven proposals from six consortia, the majority of which were motor-sports related. Proposed motorsports ideas included a FIA grade 2 or 3 circuit, a CIK graded karting circuit, a racing academy, a dragstrip, and bonded warehousing. Non motorsports-related ideas included a theme park and watersports marina. Common ideas cutting across the majority of the proposals include retail and F&B. The 41-hectare site in Changi will be reinstated to authorities. Mr Lim said: "While we work towards handing the site back to the authorities, SSC is also actively working with the relevant agencies on possible interim uses for the site for motorsports-related activities, such as karting, for the community." The race track project has stalled since 2011 when the Japanese-led consortium that won the bid ran out of money. - CNA/jc http://www.channelnewsasia.com/news/singap...4.html?cid=FBSG

No no no...Niiiiinnnnhoooooo!

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anyone wanna comment on this? maybe Chromas might wan to have a try?