Just an update, I haven't had a great deal of time to look into this idea in the last year or so. I still think it could be a great draw for people looking for a winter activity (riding, racing, or watching), maybe could be joined onto another project (like a hockey rink) as long as the cost wasn't blow completely out of proportion (remember, we could build an indoor track for less than $500,000 according to
this guy). It would be a draw for Winnipeg cyclists year-round and for the Twin Cities during the winter.
Again in other news, the Ralph Engelstad Foundation has pledged $500,000 (matching required) to the $7 million hockey rink mentioned above. Just saying that if you have the right people involved, they know the people with money and stuff will happen...