DENVER (KDVR) — Bandimere Speedway was a popular racetrack in Morrison before the family decided to close after 65 years. While the family is still in the process of relocating to an upgraded track, the fate of the Rooney Valley speedway is up in the air.

While the final plans for the old track are still in progress, the raceway is one step closer to finding its new purpose.

Copart, an online auto auction company, submitted applications for a proposed annexation, zoning and rezoning of the 125-acre site. Morrison town board members accepted the application on Tuesday, May 21.

According to the accepted application, after the speedway is annexed, Copart plans to use part of the area for its operations.

Proposed annexation of Bandimere Speedway (Courtesy of Bandimere Speedway Redevelopment)

The area will be an online vehicle auction center for the sale of motor vehicles to institutional, commercial and private owners of used, undamaged or damaged vehicles, trailers, watercraft, powersports and industrial and construction equipment.

In short, it will store vehicles that are on sale.

Copart plans to make the other part of the land “available for new retail development by Copart or others in the future,” which could include retail, commercial and restaurant uses, according to the redevelopment plan.

While the application was approved at the end of May and the plans for the area are set, there isn’t a clear timeline for the start of the redevelopment just yet.