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City of Casper·Wyoming

Lease and Operation of the Casper Speedway

Closes 10/19/2026$600k – $2.4MRequest for Proposal
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Description

The City of Casper is seeking a qualified individual or group to lease and operate the Casper Speedway, a ½‑mile oval dirt track and associated facilities, for a three‑year term (one‑year initial lease with two optional one‑year renewals). The lessee must run the venue as a self‑sustaining racing operation, handling all aspects of event programming, marketing, finance, maintenance, and compliance with city rules such as a 10:30 p.m. noise curfew. Proposers must submit detailed experience, a three‑year vision, annual operating and investment budgets, and a maintenance plan, along with three sealed hard‑copy proposals by the deadline. • Operate and maintain all track‑related assets (track surface, lighting, buildings, parking, water supply, etc.). • Provide a comprehensive racing program—including class structure, sanctioning bodies, prize payouts, and promotional activities. • Demonstrate financial self‑sufficiency through detailed budgets and a startup investment plan; no city subsidies will be provided.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Randy Norvelle(Parks Manager)

(307) 235-8309

Key dates

Opened
9/29/2026
Closes
10/19/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Sports and Recreation
NAICS
713990

Budget estimate

$600,000 – $2,400,000

The RFP does not disclose any fixed contract value; the lessee’s revenue will come from ticket sales, concessions, sponsorships, entry fees, and ancillary events. Comparable small‑to‑mid‑size dirt‑track venues in similar markets generate roughly $200 K–$800 K in annual net operating revenue after expenses. Assuming the lessee must cover all costs and retain profit, a reasonable earnings estimate for the three‑year lease could range from $600 K (low) to $2.4 M (high) over the full term, i.e., about $200 K–$800 K per year. Factors influencing the final figure include local attendance, sponsorship depth, event frequency, and efficiency of expense management.

AI estimate from the solicitation

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