Bristol to Sell RV Lots Near Speedway
A unique zoning law has opened the door for recreational vehicle parking near Tennessee’s Bristol Motor Speedway and created financial opportunities for developers, the city and Sullivan County.
The Bristol News reported that the city council unanimously approved a Recreation Vehicle Development District to accommodate the influx of RVs near Bristol Motor Speedway (BMS) during racing events.
An attorney for Bristol’s Interstate Development Co. displayed a preliminary drawing of a lot that would be behind Race Day Center condominiums across Volunteer Parkway from BMS.
“Some have views of the speedway; others do not,” Hamlin said of the lots. “But we expect a median price of about $75,000 given that we will have buyers with financial means.
“We expect these people will be downtown and at restaurants making a financial contribution to the city.”
Electric and sewer hookups already are installed, while marked, rectangle tracts are awaiting buyers.
Bob Icenhour, Sullivan County’s property assessor, said the company has planned an RV development at that location for some time. He also said the company stands to make “a bundle of money” when the land is subdivided.
“An acre is selling for more than $124,000 out there,” he said. “So when you think about selling a piece of ground about the size of a motorhome for $75,000 – yeah, they’ll be making out.
“The RV people [will] drive a half-million-dollar motorhome up there. I don’t think they’re going to worry about the cost of a lot, and they’re only there a couple times a year.”
Icenhour said RV owners are not necessarily getting special treatment.
“There’s no favoritism to it,” he said. “If they [developers] can sell the lots instead of rent them, why not?”
For about two years, city staff looked at ways to develop regulations that would allow the sale of privately owned RV sites near the speedway.
“In this instance, all internal streets will be private, but each site, or lot, will have infrastructure hookups or access,” said Mike Sparks, deputy city manager/development. “And the recreational vehicles must have full kitchen and bathroom facilities internal to the vehicle.”
Sparks said he and his staff looked at a similar development near Lowe’s Motor Speedway in Charlotte, N.C. Similar districts are in place at NASCAR tracks in Richmond and Fort Worth, Texas, said Kevin Triplett, BMS vice president of public affairs.