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Caffey Distributing, aGreensboro-based beer distributor, which in 2002 began operating a 130,000 square foot distribution center near I-85 and the Concord Regional Airport. Childress Klein, a leading developer of warehouse and distribution properties is developing 275 acres of vacant land in Kannapolis. This property is located at the interchange of I-85 and the Kannapolis Parkway and includes a new complex with 2.5 million square feet of flex office, warehouse and distribution space. The development plans also included 400,000 square feet of retail use much of which is already open. The overall investment is expected to reach $140 million and create 2,800 jobs over the next decade. Entertainment. Another example of the County's diverse economy is Lowe's Motor Speedway ( LMS', a major sports and recreational facility which regularly hosts activities that draw over 167,000 people. Each year, LMS hosts nine primary events, including three major NASCAR racing events that extend over aten-day period for each event. Facilities at LMS include aseven-story office building and conference center topped by a restaurant and private club. Recent expansions include additions to grandstand seating, a new infield media center and the construction of condominium units. LMS has built a $60 million drag strip facility that is located on LMS property and hosted its first event in the fall of 2008. LMS also plans to replace the suites and general admission seating as well as other improvements to the existing speedway to enhance the fan experience. The City of Concord and Embassy Suites Hotels recently constructed a new Convention Center and full-service hotel on Speedway Boulevard. This complex is located equal distance between LMS and the Concord Mills Mall. The project has already been successful enough that a second hotel tower has been announced. Motorsports. As ground zero for "NASCAR Valley," the County is home to LMS, NASCAR Research & Development, World Group Racing, the DIRT at LMS Concord Motorsports Park, four driving schools, Hendrick Motorsports, Roush Fenway Racing, Ganassi Earnhardt Racing, Racing, Stewart Haas Racing, STNVood Motorsports/JTG Racing and over 200 other motorsports-related businesses. Recent developments involving the motorsports businesses include Windshear, a California based company, which has built a $40 million wind tunnel, which is the only publicly available wind tunnel in North America using "rolling road" technology. This facility allows for full-scale testing of race cars at speeds of 180 miles per hour. ST/Wood Motorsports recently relocated its operations to a 123,000 square-feet building in Harrisburg. Stewart/Haas CNC Racing opened astate-of-the-art, 140,000 square feet racing facility which doubles the size of its former facility. These businesses and other motorsports-related support businesses are important factors in the County's economy and the County constantly works to support and build the infrastructure needed to sustain, maintain and develop this important industry. Retail. Concord Mills Mall, which is located on approximately 165 acres located in the southwest quadrant of the King's Grant interchange at 1-85, opened its doors in September 1999 The 1.4 million square foot facility has over 200 stores, cost approximately $240 million to complete and is generating an estimated $300 million annually in retail sales. Concord Mills Mall is the State's largest tourism draw and continues to create additional spin-off retail development on adjacent properties. Additional projects have been built or announced that make the area a primary retail center for the entire MSA. There are a number of new retail centers that have been constructed or are under construction throughout the County as a result of the population increase that has occurred. Some of these are part of much larger mixed-use developments that also include services, employment and residential uses. The Northlite Center, in the northern part of the County, is anchored by Sam's Club, Wal-Mart and Kohl's. Harrisburg Town Center is a 100-acre mixed-use development on Highway 49, which includes 400 residential units and up to 500,000 square feet of office and retail space. Approximately two-thirds of the residential units and four office/retail buildings are complete. Three additional office/retail buildings are permitted. Three new grocery-anchored shopping centers have recently been completed. One is part of a larger mixed-use development that will contain approximately 250,000 square feet of office/retail space, 400 residential units and up to 500,000 square feet of office/light industrial space. Moss Creek is a mixed-use project on 500 acres at Highway 73 and Odell School Road. Development includes 1,400 housing units, an elementary and middle school and 200,000 square feet of office/retail space. G-8 Attachment number 3 Page 274