As with any historic property, redeveloping the Speedway is a long process. AHF has been working closely with DCR and a variety of public and private-sector institutions to develop a rehabilitation plan that is innovative, financially feasible, and community-oriented.
Submitting a Proposal
May: DCR issues a Request for Proposals (RFP) to reactivate the Speedway through the department's Historic Curatorship Program, a public-private partnership that facilitates the preservation and reuse of culturally significant, state-owned properties.
July: DCR receives many submissions to its RFP. AHF's proposal envisions a public accessible site contributing to the neighborhood's economic and cultural development.
January: AHF is designated redeveloper of the Speedway.
July: Because the Speedway is state property, it can't be leased to a private organization without government approval. Legislation is drafted authorizing transfer of the Speedway site to AHF custody.
August: Legislation passes! AHF authorized to buy and lease Speedway properties.
December: A fire starts the Speedway, destroying the facade and gutting the interior of the headquarters and stables building. Fortunately, first responders quickly contained the fire from spreading to the rest of the complex. A reminder to all of the fragility and vulnerability of the Speedway buildings.
January: AHF applies for federal and state Historic Tax Credits to help finance the project
March: The Massachusetts Historical Commission (MHC) determines that demolishing the Speedway garages would have an adverse effect on the site's historical integrity, jeopardizing eligibility for Historic Tax Credits.