If your Street Muscle preference is for cars that do more than go fast in a straight line, you have to feel uneasy about the future of the historic Willow Springs Raceway, which just got sold to a private equity firm.
Willow Springs Raceway was purchased by CrossHarbor Capital recently and the track’s tenants have been told to vacate the premises, an ominous sign for the future of the 72-year-old facility. CrossHarbor purchased the facility from the children of the original owner, who died in 2015.
Technically, the facility is called Willow Springs Motorsports Park and has eight tracks on its 600 acres.
CrossHarbor did say in a statement that it “is excited to preserve the legacy and enthusiast access to one of America’s most iconic racing facilities while also setting up the property for growth and success in the future.”
That could mean it wants to keep the facility open and, while doing so, expand its scope (think motorsports country club, trackside condos, etc.). Or it could all be a smokescreen.
Willow Springs is in Rosamond, California, not far from Edwards Air Force Base. On a good day, it can be described as an hour or so north of Los Angeles.
The facility opened in 1953 and has hosted virtually every type of motorsport, from NASCAR to Grand Prix motorcycles and karts. It was the first purpose-built road course in California.
It has even starred in Hollywood films, most recently portraying Riverside Raceway in “Ford vs. Ferrari.”
Area Pro Touring, road race, and autocross enthusiasts should be shaking in their boots about now. Private equity firms are famous for shredding everything with which they come in contact, bilking them for their profits, and selling off what’s left when they’re done. Of course, there are exceptions, but the rape and pillage scenario is commonplace.
Having driven numerous Pro Touring machines on The Streets of Willow, not to mention late-model Corvettes and Camaros, Willow Springs Raceway holds a dear spot in my heart. Emotions aside, California can’t afford to lose yet another racing facility.
We are more than a little anxious to see how this plays out. Stay tuned to this space for more information.