Riley Technologies Leaving Indy--bye bye..

[indyrace1]

They have decided to move from Speedway to a suburb of Charlotte to be closer to NASCAR. In the press release Bill Riley took quite a jab at Indy. This city has been very good to them over the years--not called for. With an attitude like that---can we help you pack the moving van?

[JBaiza]

Does the Indiana Motorsports initiative apply to existing resident companies?

[rex]

In the press release Bill Riley took quite a jab at Indy. This city has been very good to them over the years--not called for. With an attitude like that---can we help you pack the moving van?

It's not on their website ... yet. Care to share?

[ToddBenne]

Poncho Weaver retired from building tube frame chassis and is now working at DEI. Seems Riley is headed to NASCAR land as well. In reality, that is where the money is for right now.

[Fueler]

They have decided to move from Speedway to a suburb of Charlotte to be closer to NASCAR. In the press release Bill Riley took quite a jab at Indy. This city has been very good to them over the years--not called for. With an attitude like that---can we help you pack the moving van?

Here's the press release in total. I don't see any jab at Indianapolis, merely a stating of the facts as they currently apply to motorsports business.

Riley Technologies Announces Move to North Carolina

Indianapolis, Indiana (March 14, 2006)…Riley Technologies LLC of Indianapolis, Indiana, announced today that it would move its entire operation to Mooresville, North Carolina, effective in September of 2006.

“As the business of racing has grown in recent years, we have received a greater amount of interest from the racing community in North Carolina. Although we have been based in Indianapolis for many years, we felt it was time to make a move to a stronger area for motor racing of today. We feel we have found that in the Town of Mooresville, the County of Iredell and the State of North Carolina,” said Bill Riley, President of Riley Motorsport.

“We are looking forward to strengthening our ties with the NASCAR community, as well as the Grand American Daytona Prototype and Silver Crown teams,” said Bob Riley, President of Riley Technologies.

Riley Technologies plans to build a building from the ground up of nearly 40,000 square feet. Additionally, Riley will complete the building with the latest equipment and technology available. The company has offered for all current 35 employees now based in Indianapolis to move to Mooresville, nicknamed “Race City USA”. They expect to add more employees to the North Carolina operation once they are in location and their growth plans are more complete.

Riley Motorsports, a division of Riley Technologies that spearheads the championship-winning No. 10 SunTrust Pontiac Riley Mk.XI team in the Grand American Rolex Sports Car Series Daytona Prototype class, plans to base the team operations from the new location as well.

As a part of this move, Riley Technologies plans to partner with deBotech to increase their composite manufacturing capability. DeBotech is a local composite manufacturer currently in Mooresville. They will be relocating to a facility adjacent to the new Riley Technologies manufacturing and technical center.

"We are pleased that Riley Technologies has committed to base their racing operations in our great town,” said Mayor Bill Thunberg, Mayor of Mooresville. “The Mooresville region has become a power center in the motorsports community. We are delighted to add Riley Technologies to the list of racing-related companies that see the value and potential of doing business in North Carolina and in the Town of Mooresville.”

Riley Technologies captured both the 2004 and 2005 Grand American Rolex Sports Car Series Daytona Prototype Chassis Constructor Championship. In addition to their involvement in Grand American, Riley Technologies also build cars for the American Le Mans Series, the USAC Silver Crown Series, and the Japanese GT Championship Series.

For more information, please contact Bill Riley or Ron McMahon at 317-248-9470, or email to [email protected].

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[damilt]

I didn't see a jab either. I will miss my jaunts down Main Street in Speedway to "spy" on thier facility to see if I could see anything or catch them loading thier haulers.

About the only way you were going to keep them in Indy is to get them approval again in the IRL or ChampCar or get them building sprints or midgets. None of those seem plausable to me. They did what they had to do to keep thier business growing. Can't blame them a bit.

[hdolan]

"In the press release Bill Riley took quite a jab at Indy."

Please point it out...all I see is a statement of facts...

[Grinder-Tank]

Is this the same company that built that disaster of a chassis that Robby Unser tried to qualify at Indy? Are they the ones who built that boat ancher with wheels that tried the IRL? If it is Riley and Scott, they flunk out at Indy. If this is a different organization, then please excuse the previous.

But if it is, they need to go South and give it a go. They simply did not make it work up here. Ask Cheever.

[midtown]

This is Riley, without the Scott. Its the same company, but the chassis wasn't too bad on short ovals. And they've made some pretty good sportscar chassis over the years. And Bob/Bill? Riley helped design the Coyote, IIRC.

[Grinder-Tank]

I wish them the best of luck. Come to think of it, their cars were strong at WDW and Phoenix.

[SportscarBruce]

The ALMS P1 car is absent, they make their living on DPs and Silver Crowns, makes sense to move to NASCAR country. I would strongly dispute 'the racing technology center of the US has relocated to NC' spin.

Guess they'll be changing this...

http://www.rileyscott.com/contactus.asp

Located in the heart of the racing industry's capitol!

The DP still is ugly as sin...

[Mindervillain]

The DP still is ugly as sin...

I don't have a problem with the DP, but I believe they also designed the Zamboni Silver Crown pavement car. Will USAC be moving to North Carolina as well to be close to their baby?

[SportscarBruce]

The pavement car is equally unattractive. Eye of the beholder I guess, and a prepared market by Daddy NASCAR.

[AdamM]

It's incredible to see the number of motorsports businesses around Mooresville. Heck, at one time I actually thought the open rules in the IRL and the talk ("vision") about bringing back in the independent suppliers would do the same for Indy on a smaller scale. Didn't happen and thats too bad.

[Tooonces]

To answer one of the earlier questions - if they would have made similar investments in facilities, equipment, and employment they would have been inline for tax consideration on several levels. They would not have qualified for the tax credits Lucas Oil will be vying for (and others have taken advantage of) with the relocation of a corporate headquarters or manufacturing facility to the State.

If you want to see what a community can do when they put their mind to it, venture to Brownsburg. They have added quite a bit of the motorsports industry in their community, much from out-of-state, in the last several years; and they continue to grow.