CLEVELAND - UPDATE: As of Dec. 2, 2011, Fast Track Cycling reports they have now raised $160,000 -- more than half of the goal -- for the first phase of the Cleveland Velodrome project.
Backers say $115,000 of a needed $250,000 has been raised to complete the first phase of the Cleveland Velodrome project.
Fast Track Cycling Inc. is the non-profit organization that first proposed the bicycling and fitness complex to be located on the site of the former St. Alexis/St. Michaels Hospital in Cleveland's Slavic Village neighborhood.
In 2009, the city entered a purchase-option agreement with Fast Track for the property along the 5000 block of Broadway Avenue on the city's near east-side. This week, Cleveland City Council voted to again extend a lease-purchase option for the land, after hearing of the phased development plan.
Fast Track Board President Brett Davis told NewsChannel5 a new website and fundraising effort is about to be launched with the goal of securing the $250,000 needed to install an open-air, banked cycling track by next summer.
The original Velodrome plans included two domed tracks, other fitness facilities and parking on the now vacant nine acre parcels. Davis said those elements are now planned as future phases of the development -- contingent on raising a total of $7.5 million.
Here is a link to the new website for the velodrome project: www.clevelandvelodrome.org/
Link to www.slavicvillage.org/ here.
Find out more about the Riding Tigers Bike Camp here: www.facebook.com/pages/Slavic-Village-Riding-Tigers-Bike-Camp/116635501761162
Keep checking newsnet5.com and watching NewsChannel5 for further updates on the Cleveland Velodrome.