LATEST RWV UPDATES (September 19, 2008) – Bristol, TN.:
9-18-08 Greetings Raceway Villas Investors:

I wanted to update you with some specific and measurable information pertaining to the Villas.

Monday morning at 9:30 a.m. I hand delivered the final set of site plans for Phase I of Raceway Villas. I have enclosed some pictures of the work being done on a daily basis. The logging crew has been selectively clearing timber along the main drive where the units will be built. Although it makes the logging operation slower, we elected to obtain the necessary burn permits from the city of Bristol and burn the unusable portion of the timber. However, I feel this decision will help facilitate a quicker transition and allow us to get the units under roof at a much quicker pace.

Due to the new change in site plans, you will notice we are removing a tremendous amount of material from the property, which allows us the luxury of reducing the grade in certain areas by as much as five percent. What this means to you is a much more friendly aproach to your Villa. You will also notice in the pictures that we are now grading the foundations for four more units - two of which are single family Villas and two that are duplex style.

In closing, I want to thank you for your patience and belief in Raceway Villas. I would also like to make you aware of what a nuicance I have probably been to the City of Bristol. For the past several months I have not knocked on just about every door of every employee that we have relied on to make this project a success. And with that being said, I would like to thank the following City of Bristol employees that have worked way beyond the call of their job to help us through a difficult, but worthwhile project:

Shari Brown, Community Development Director
Judy Carrier, Administrative Coordinator Planning:
Patricia Oldham Planning Coordinator
Karl Cooler, Codes Administrator.
Tim Beavers, P.E.

sincerely, Mitch Skaggs

WELCOME TO RACEWAY VILLAS
Nestled in the beautiful mountains of Eastern Tennessee, and bordering the Bristol Motor Speedway, we are proud to present Raceway Villas at Thunder Valley.

Randy and Leanne Moore of Moore Developement will offer an affordable answer to the housing needs of Nascar Fans locally and abroad.

Randy and Leanne Moore (son of the Bristol Motor Speedway co-founder Carl Moore), developed Thunder Valley Campground seven years ago. In 1999 this premier NASCAR camping facility was among the first to bring full hookups to the area, Thunder Valley is now host to over 640 campers averaging close to 3000 people annually.

Raceway Villas at Thunder Valley promises to be an exclusive developement catered to the needs of local and world-wide NASCAR fans.