In an article written by Andrew McCredie of the Vancouver Sun, the author explains that the project is a country club for driving enthusiasts.
The consortium is made of Villeneuve, South Okanagan Motorsport Club founders David King and Bill Drossos and Osoyoos Indian Band Chief Clarence Louie.
The location of the Area 27 facility is 20 kilometres north of Osoyoos in Oliver, the self-proclaimed wine capital of Canada, and sits on land owned by the Osoyoos Indian Band (OIB).
The consortium behind the proposal needs to sign up members to the private club. And while 300 is their target, the SOMC president says 200 will be enough to get Phase 1 of the planned four phases completed.
The concept will offer members to drive their performance cars on a purpose-built track, with on-site facilities to service, fuel, store and detail their machines.
Bill Drossos thinks the new track will be able to host four racing events each year, categories such as the NASCAR Canadian Tire Series, Canadian Superbike and vintage racing.
McCredie says the estimated cost of Phase 1, expected to take between six to eight months when approved, is $7.5 million. The overall budget is $10 million to $12 million. The group hopes the first cars will take to the track as early as the summer of 2015.