A developer plans on building a residential and retail complex
For nearly 60 years racing fans have descended on Albany-Saratoga Speedway (formerly Malta Speedway), to enjoy dirt car racing. For thousands its a Friday night destination every summer. However, it sounds like that tradition may be coming to an end.
According to News 10, the property for the speedway is now under contract to Five Corners Development based out of Saratoga. The firm says it plans to build a housing and retail complex called 'Camber Ridge'. Five Corners founder Sumeet Gupta talked about the company's vision:
Five Corners Development is thrilled to play a part in the continued responsible growth in Malta and Saratoga County. Even in these early stages of the development, we have been in discussions with interested tenants such as daycare centers, restaurateurs, and widely renowned Fiden’s Brewing.
Plans for the new complex were submitted to the Malta Town Board on Monday and will likely take months to review.
As for Albany-Saratoga Speedway, the 2024 season would continue and there would likely be races in 2025, which would be the tracks final year.
Weekend Lane Closures on Route 29 in Saratoga County
Arrest Made Quickly In Albany's First Murder of 2025
[PHOTOS/VIDEO] Happy 35TH Birthday to Albany's MVP Arena
Capital Region Native to Compete on Bravo's 'Top Chef'
Shen Retires Kevin Huerter's #3
