Santa Barbara Race ClubDue-Diligence Portal · Advisory by IAG

Orientation

Executive Overview Project Vision Project Background

Analysis

Construction Cost Revenue & Employment Visitor Spending Market Research Comparable Facilities Economic Impact

Plan

Business Plan Financial Model Overview Capital Structure Construction Budget Membership Strategy Residential Development

Execution

Risk Analysis Development Phasing Project Timeline & Roadmap Governance & Management

Action

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Proposals / Motorsports / Santa Barbara Race Club / Execution / Development Phasing
Execution

Development Phasing

A profitable core first, then demand-gated expansion. Phase I delivers the club-specification facility and a first residential release; later phases scale only as the business case earns it.

Phase I
Club-spec circuit + first residential
Infrastructure model
3.5 / 2.5 mi
Phase I configurable circuit
FIA Grade II
Upgrade preserved for later phases
Demand-gated
Each later phase
Phasing plan
Phase matrixPhasing simulatorWhy phased

Phase matrix

Phase I vs. later phases.
ElementPhase ILater phases
Circuitone configurable 3.5 / 2.5-mi club-spec courseadditional configurations; FIA Grade II upgrade; 10–14 mi connected layout
Real estategarage condominiums + quarter-acre lots (initial release)further residential release; villa estates
Activityprivate/club, OEM, driving experiences, limited HPDEbroader event program and up to two international events, if pursued
Standardcost-effective FIA-inspired club spec (not homologated)FIA Grade II homologation when warranted

Model the phasing

Project phasing simulator

Economic engines activate progressively as facilities complete. Move the year to see which engines are live and contributing.

2033
4Engines active
OpeningStage

Activation order: OEM, hotel, hospitality, residential, business park, membership, recurring visitor spending. Indicative timing.

Why phased

Profitable core first

Grade 2–4 club circuit, karting, and off-road are revenue-active from opening

Capital discipline

Phase I construction is ~$113.8M ex-land — inside the private-club band, versus $250M+ for a stadium build

Scalability preserved

The three-circuit master plan and Grade II design intent allow upgrades without rebuilding the core

Risk off the critical path

Grandstand, broadcast, and homologation scope deferred — removing the largest cost and entitlement risks
Each later phase is demand-gated and outside the Phase I budget; the construction schedule for Phase I is on the Project Timeline & Roadmap page.

Related analysis

Project Timeline and RoadmapBusiness Plan
PreviousRisk AnalysisNextProject Timeline & Roadmap
Confidential. Prepared by Ignition Advisory Group for SBRN Management LLC. Access-controlled; not for public distribution. Supporting documentation is available through the References & Sources section.
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