Conversion of Mooresville Mills Facility to Racing Center is Proposed.Business Editors MOORESVILLE, N.C.--(BUSINESS WIRE)--April 6, 2000 Burlington Industries Burlington Industries was a diversified U. S. fabric maker based in Greensboro, North Carolina. The company had operations in the United States, Mexico, and India and a global manufacturing and product development network based in Hong Kong. and REstructure Group/Fluor Daniel Thursday announced a proposed multi-million dollar project to convert the former Mooresville Mills textile plant into a multi-use center for NASCAR racing The NASCAR Racing series of video games, developed by Papyrus, started in 1994 and ended with the release of NASCAR Racing 2003 Season in 2003. Later NASCAR games were released by Electronic Arts, who took over the official sport license. teams and related businesses. Strategically located within a 25-mile radius of some 50 current NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. team locations, Mooresville Racing Center is expected to serve as the working headquarters for many of these teams, as well as for official NASCAR organizations and key suppliers, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Zenaido Quintana of Fluor Daniel. "Since racing is now among the top spectator sports in the country, and so many racing teams are located in this region, Mooresville has been rightly dubbed, 'Race City USA,'" said Quintana. "With the continuing influx of driving teams to the area, the center is expected to create new marketing opportunities in the Mooresville area." Harold Vaden, real estate manager for Burlington Industries, said, "The Mooresville Mills facility has been part of the Mooresville community for more than 100 years. We are very pleased that we have found a way to give it new life and support Mooresville's growing role as a center for one of North Carolina's favorite sports." REstructure Group/Fluor Daniel offers clients a process to evaluate and enhance the value of under-utilized, distressed or surplus commercial and industrial properties. The alliance provides teams of architects, engineers, and real estate professionals who can develop re-use options, or ongoing asset management programs, that promote community redevelopment. Development of the Mooresville Mills property will be a joint venture of REstructure Group/Fluor Daniel and Burlington Industries. Final agreement on the proposed project is subject to completion of definitive documentation. Construction is expected to begin this summer. Burlington Industries is one of the world's largest and most diversified manufacturers of soft goods for apparel and interior furnishings. With 1999 revenues of $12.4 billion, Fluor Corp.(NYSE NYSE See: New York Stock Exchange :FLR FLR Floor FLR Florence, Italy (Airport Code) FLR Flare FLR Florida Lambda Rail FLR Forest Land Reserve FLR Forward-Looking Radar FLR Female Led Relationship FLR Force of Lower Readiness ) provides services on a global basis in the fields of engineering Engineering is a collective term to describe the application of scientific theory in the design, creation, and maintenance of technology. According to 1992 NSF data, the largest fields of engineering are Civil, Electrical / Electronic, Industrial and Mechanical Engineering (by number of , procurement, construction, maintenance and operations, consulting and coal production. Fluor Corp. releases are available on Fluor's Corporate News on the Net site at http://www.businesswire.com/cnn/flr.htm. |
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