The Penticton Speedway has been sold but the investment group who bought it is planning to create an enhanced racetrack and racing experience. (File photo)

Penticton Speedway sold and staying as a racetrack

Investment group that includes founder of Area 27 intends to buy the Speedway

The Penticton Speedway has new owners.

The Aantjes family owned the track for almost 24 years and the vision for the future is for the property to remain a racetrack for years to come, said Johnny Aantjes, the current owner and president of the Penticton Speedway.

An investment group led by Trevor and Ingo Seibert of Avion Developments have entered into the final stage of an agreement to purchase the Penticton Speedway. There are still some remaining due diligence items to complete prior to closing the agreement with current ownership.

“There is a potential purchase of Penticton Speedway pending. The condition of the property remaining as a functioning Speedway is a top priority for the sale. This transaction will help maintain racing at a higher level for many years to come,” said Aantjes.

The new potential owners are 3rd generation racers. The lead partner, Trevor Seibert, is the co-designer, engineer, constructor and founding partner of Area 27. Area 27 is a high-performance motorsports park five minutes east of Oliver.

This group knows motorsports, has a deep history in it, and are clearly committed to the South Okanagan, said Aantjes.

“It’s not a done deal yet, but we are extremely happy that racing will continue to be a part of family entertainment in Penticton for years to come,” said Aantjes. “We are really proud of what we’ve done at the Speedway. We’ve had a lot of people try to buy here but our criteria has always been that it had to remain a racetrack.”

“We are very excited about the potential the Penticton Speedway has when combined with the team at Avion Motorsports. We will continue to serve the existing fans and various racing groups while at the same time investing into facility improvements and expanding the venue offerings,” said Trevor Seibert, who is also the CEO of Avion Developments. “As we complete the due diligence, Avion and its team will provide more information regarding the future plans.”

The Penticton Speedway Foundation and all its charitable elements will continue, said Jasmine Aantjes.

Johnny Aantjes will now focus on a new project, the Osoyoos Desert Park racetrack.

“We’ve been working with Desert Park and we think it’s an amazing facility that needs a new direction.”

Plus, the horse track fits nicely with their Feedways which are now in Penticton and Oliver and soon to be in Keremeos.

Aantjes said he envisions reviving horse racing there and bringing 4H kids programs there too.

READ ALSO: Penticton Greek restaurant wants to burn your bill

READ MORE: Mini-murals by local artists to pop up at Cannery Brewing

To report a typo, email: editor@pentictonwesternnews.com.


@PentictonNews
newstips@pentictonwesternnews.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Penticton Christian School. (Facebook)
COVID-19 exposure at Penticton independent school

The exposures are the latest in a quickly growing list in the Interior

Participants are encouraged to light a candle and watch the streamed event from home as speakers honor the lives of those lost to overdose from Gyro Bandshell in Penticton April 14, 2021. (Facebook photo)
Vigil for 5th anniversary of B.C. overdose crisis to be held in Penticton

To honor the lives lost to the overdose crisis and bring a call of action to policymakers

The Regional District of Okanagan-Similkameen will speed up the process for hospitality businesses looking to set up patios during the latest COVID-19 restrictions. Under the most recent restrictions, indoor dining is prohibited, but patio dining is allowed. (John Arendt - Summerland Review)
Regional District of Okanagan-Similkameen speeds up patio permit approval

Initiative to help hospitality businesses affected by latest COVID-19 restrictions

B.C's COVID-19 dashboard shows the peaks and valleys of cases prior to the record daily report of 132 on April 9, 2021. (Dashboard image)
Interior Health has record day of COVID-19 cases

132 cases reported Friday, April 9, more deaths in Vernon hospital outbreak

The Town of Oliver’s Town Offices, which the town wants to get designated a heritage site. (Black Press)
Oliver council to weigh nixing alerts for water leaks

Staff say the policy has served its purpose in fixing the majority of leaks

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

Winter driving conditions returned to the Coquihalla Highway on April 10. (ICBC image)
Coquihalla motorists warned of fresh snow

Five to 10 cm of snow is expected today for the mountain highway.

Tyson Ginter, 7, is proud of his latest Hot Wheels he recently received by Quesnel RCMP Const. Matt Joyce. (Photo submitted)
B.C. Mountie handing out toy cars to light up children’s faces

‘A lot of times it will be the only interaction they have with the police,’ says Const. Matt Joyce

Chief Public Health Officer Theresa Tam speaks during a technical briefing on the COVID pandemic in Canada, Friday, January 15, 2021 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
Canada’s ICUs see near-record of COVID-19 patients last week as variant cases double

Last week, Canadian hospitals treated an average of 2,500 patients with COVID-19, daily, up 7% from the previous week

University of Victoria rowing coach Barney Williams at the University of Victoria in Victoria, B.C. THE CANADIAN PRESS/Chad Hipolito
UVic, women’s rowing coach deny former athlete’s allegation of verbal abuse

Lily Copeland alleges coach Barney Williams would stand close to her and speak aggressively in the sauna

Vernon Secondary School. (Google Maps)
Case of COVID-19 at North Okanagan high school

VSS exposure announced late Friday, April 9

Librarian Katie Burns with the Fraser Valley Regional Libraries poses for a photo in Chilliwack on June 18, 2019. Monday, April 12, 2021 is Library Workers’ Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of April 11 to 17

Library Workers Day, That Sucks! Day, and Wear Your Pyjamas to Work Day are all coming up this week

Bart and Tracey Larson enjoying a Begbie Cream Ale. The couple have been together for 40 years. (Liam Harrap - Revelstoke Review)
The art of really good beer: Revelstoke brewery celebrates 25 years

Mt. Begbie Brewery owners Bart and Tracey Larson reflect on their company’s history

The Royal’s 1951 visit to Revelstoke. (Photo by Revelstoke Museum and Archives #17)
PHOTOS: Prince Philip visited Revelstoke – twice

The prince died April 9 at the age of 99

Most Read