Title
NASCAR Hall of Fame Improvement Project
Action
Action:
A. Approve a guaranteed maximum price not to exceed $12,500,000 with Holder Construction Group LLC for Construction Manager at Risk services for the construction of the NASCAR Hall of Fame Improvement Project, and
B. Authorize the City Manager, or his designee, to negotiate, execute, amend, and modify the contracts consistent with the purpose for which the contract was approved.
Body
Staff Resource(s):
Phil Reiger, General Services
Kathleen Cishek, General Services
Cathy Buchhofer, General Services
Explanation
§ The NASCAR Hall of Fame welcomes more than 200,000 visitors each year, 65 percent of whom stay overnight, and engages approximately 21,000 students annually through its education program.
§ On November 24, 2025, City Council approved $25 million in capital improvements to the NASCAR Hall of Fame.
§ This project will create flexible learning and multi-purpose spaces, incorporate the NASCAR studio into a new merchandise shop, and improve entry, guest flow, and security to enhance the visitor experience.
§ This Guaranteed Maximum Price contract with Holder Construction Group LLC is for the initial phase of construction to expedite project delivery.
§ Construction Manager at Risk services can consist of multiple phases including pre-construction, early work packages, and the construction phase.
§ The pre-construction phase contract with Holder Construction Group LLC was executed on February 24, 2026, in the amount of $458,099. A contract for the remainder of the construction phase will be brought to Council for approval in the summer of 2026.
§ The project is anticipated to be complete by the first quarter of 2028.
Charlotte Business INClusion
The city has negotiated an overall project goal of 12.00% MBE and 10.00% WSBE. Because this is a Construction Manager at Risk, Holder Construction Group LLC has the opportunity to add Minority (MBE), Women (WBE), or Small (SBE) Business Enterprise participation throughout the life of the Project.
Fiscal Note
Funding: NASCAR Hall of Fame Tax Fund