Friends of Laguna Seca and A&D Narigi Consulting End Management Agreement
Yesterday at 03:35 PM
Friends of Laguna Seca and A&D Narigi Consulting, LLC announce termination of Management Agreement
Friends of Laguna Seca and A&D Narigi Consulting, LLC today jointly announced that the Management Agreement between the parties will terminate on December 31, 2024.
"Since 2020, A&D Narigi, LLC has done a great service to Monterey County and Laguna Seca Recreation Area, including WeatherTech Raceway Laguna Seca, in returning the operations of the facility to profitability and in the many improvements made to the park during the past few years, including the new racing surface and Mission Foods Bridge," stated Ross Merrill, president of the Friends of Laguna Seca. "Friends will take over management of Laguna Seca while retaining all existing employees. We are looking forward to a bright future for Laguna Seca under our new operating structure."
"I have put a lot of time and effort into Laguna Seca Recreation Area and WeatherTech Raceway, and I am extremely proud of my teams' efforts, which have yielded impressive results, as well as my personal and professional commitment to its future these past five years", stated John Narigi, president of A&D Narigi Consulting, LLC.
A&D Narigi, LLC decided that the termination of the Management Agreement is the best step forward for Laguna Seca and for Friends to execute its long-term vision for the facility.
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