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Tue, Jan 15, 2008

Rocket Racing League Breaks Ground On Aerospace Business Park

First Phase Hangars Underway

The Rocket Racing League (RRL ), in collaboration with the City of Las Cruces, the Mesilla Valley Economic Development Office and the New Mexico Economic Development Department, broke ground Monday on the first phase of the RRL Aerospace Business Park, construction of two of the first hangars to be built at the east end of Las Cruces International Airport.

The hangers, scheduled for completion by May, are included in the 20-year lease agreement between the RRL and the City of Las Cruces for six 100,000 square-foot parcels at the airport. These and future hangars will house the aircraft and teams competing in the League in addition to RRL aircraft related operations.

The RRL Aerospace Business Park, which adjoins the Las Cruces International Airport, will serve as the world headquarters for the Rocket Racing League and will provide the needed facilities for associated aerospace and aviation related industries based in Las Cruces. With more than 300 acres of development planned, the business park will not only serve the RRL industry but will evolve into a destination location for fans visiting an RRL museum, Hall of Fame, education centers and other attractions.

"This ground breaking is the first step in making Las Cruces the next great racing industry cluster," said Rocket Racing League CEO Granger Whitelaw. "Indianapolis, IN is the home of the IRL, Charlotte, NC is the home of NASCAR and now Las Cruces, NM is the home of Rocket Racing."

The Rocket Racing League (RRL) is a new sports league that combines the exhilaration of racing with the power of rocket engines. The RRL was founded by two-time Indianapolis 500 winning team partner Granger Whitelaw and X-Prize Chairman and CEO Peter Diamandis.

FMI: www.rocketracingleague.com

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