SAULT STE. MARIE, MI— The Sault Ste. Marie Convention and Visitors Bureau has received $2 million to upgrade the International 500 raceway.
The money comes from the U.S. Department of Commerce’s Economic Development Administration grant program. It will be used construct new roads, a parking lot, a vendor building and other upgrades that will help make the raceway venue a year-round tourist destination.
The EDA grant will be matched with $513,000 in local funds. It’s expected to create or retain 50 jobs and generate $2 million in private investment, according to grantee estimates.
