The future of Western Speedway is likely to be decided within the next six months after confirmation Tuesday the property is under a conditional contract for sale.
Duncan Thomson, president of ESAI Corp., which has been preparing the 80.97-acre site for sale for the past two years, confirmed the conditional contract was in place, but would not offer any further detail.
Thomson did say the competitive bid process for the property, which accepted submissions until June 18, resulted in lots of interest.
“It was a satisfactory process, it is what we expected for a property like that,” he said.
Western Speedway, established in 1954, is Western Canada’s oldest speedway. A B.C. “Stop of Interest” sign was unveiled at the site in 2018. The site also includes a go-kart track, mini golf, batting cages and an RV park.
The track and surrounding land are part of the estate of Vera Wille, who died in 2017.
The land, at 2207 Millstream Rd., had been marketed to large developers interested in creating a master-planned industrial business park on the site, with the possibility of an additional small residential development.
When the property went on the market earlier this year, the City of Langford made it clear that it would prefer to see the racetrack remain at Western Speedway.
The official community plan calls for business and light industrial use on that land.