Name: CLTC seeking commercial lease for former Yigo raceway property
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CLTC seeking commercial lease for former Yigo raceway property

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Skip to main contentYou are the owner of this article.Edit ArticleAdd New ArticleYou have permission to edit this article.EditHomeNewsBusinessForumIsland LifeSportsThe GlobeSubscription ServicesRSSPOST E-EditionThe Chamorro Land Trust Commission is proceeding with efforts to commercially lease property housing the Guam International Raceway, the area in Yigo that has been the site for drag racing and other motor sports over the past several years.While the Guam Racing Federation - the nonprofit organization that was building and operating the raceway - would like to use the property temporarily, it appears there isn't a way to do so legally.The CLTC is working to publish a request&nbsp;for proposals for the commercial use of the raceway property. Staff members are trying to publish a draft within the next couple of weeks, according to discussions Tuesday, during a meeting of the CLTC.The land trust owns the property that the raceway is built on, known as Lot 7161-R1 in Yigo. GRF was able to develop racing facilities at the property due to a 20-year license granted by the CLTC in 1998. The license expired in 2018, but GRF continued to occupy the property on a month-to-month tenancy.The commission designated the property for commercial use in July, which allowed CLTC staff to begin preparing an RFP for that purpose. This followed the eviction of GRF a month earlier.The nonprofit fell into various controversies during its tenancy with the CLTC, which decided to evict GRF in late January. The eviction was initially set to happen 30 days from Feb. 1, but was delayed to allow scheduled events at the raceway to take place. The eviction finally came to pass on June 2.In the aftermath of these events, GRF chose to stay at the property until ordered to leave by a court, but has been attempting to remedy the situation with the CLTC. At this point, there is no official agreement or relationship between GRF and the CLTC regarding the raceway property.The nonprofit requested an agreement that would allow it to use the property temporarily, but the commission's legal counsel,&nbsp;Assistant Attorney General Kristan Finney, said Tuesday that she didn't see how that could be done within the confines of the law.&nbsp;"I don't see where you have the authority to go around or outside of what is provided for in the law about how you can lease out property for commercial use. We can continue to look at it, but just right off the top, there's not really any provision that lets you guys lease out your property or license out your property on a short-term basis like that," Finney said Monday during a CLTC meeting.&nbsp;The governing law for the CLTC outlines several stipulations for commercial leasing and licensing, including the requirement that lease or license awards go through competitive bidding.In addition to these general laws, the statute specific to Lot 7161-R1,&nbsp;Poll results are published every Monday in The Guam Daily Post.You voted:Bank of Guam is taking banking to a whole new level with the reopening of its Tamuning Branch, unveiling a glimpse into its Branch of the Future design, the bank announced in a press release. Located in the ITC building, the Tamuning Branch reopened at 9 a.m. Friday.Atkins Kroll, an Inchcape Company, announced in a press release the retirement of Torgun Smith, vice president and general manager for Morrico Equipment, as well as the appointment of three executives for AK and Morrico.In May, a second round of $20 million for the Local Employers' Assistance Program, or LEAP 2, was passed by lawmakers and approved by Gov. Lou Leon Guerrero.ForumThanks to the presence of George Santos (or Anthony Devolder or any other alias the con man may be using) being a freshman member of Congress … Read moreFeatured ColumnistsLife is DulceRegrets have been on my mind lately, especially after finishing “The Midnight Library” by Matt Haig. It’s a novel about a woman named Nora, ca… Read moreLetters to the EditorThis is a reaction to a Letter to the Editor written by Matt Sablan entitled “The deceptive realities of the Guam Power Authority: Heroes or v… Read more

Skip to main contentYou are the owner of this article.Edit ArticleAdd New ArticleYou have permission to edit this article.EditHomeNewsBusinessForumIsland LifeSportsThe GlobeSubscription ServicesRSSPOST E-EditionThe Chamorro Land Trust Commission is proceeding with efforts to commercially lease property housing the Guam International Raceway, the area in Yigo that has been the site for drag racing and other motor sports over the past several years.While the Guam Racing Federation - the nonprofit organization that was building and operating the raceway - would like to use the property...

CLTC seeking commercial lease for former Yigo raceway property

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