Malibu Raceway is moving to Mount Hood ... Skibowl to be exact

BEAVERTON, Ore. - Malibu Raceway, a long-time icon in Beaverton that was slated to be shut down after losing its lease, is moving all the way to Mount Hood.

The track has been in business for over 30 years on Southwest Cascade Avenue but earlier this month, the property's owner gave the business 30 days to move out so a national car chain, CarMax, could move in instead.

It looked like the track was going to be gone forever, but owner Kevin O'Connell announced Monday that he'll be relocating the business to the Mt. Hood Adventure Park at Skibowl.

O'Connell is relieved that he won't have to shut down after years of operation along Highway 217 and is looking forward to bringing a new attraction to the mountain. Malibu Raceway first opened in 1979.

"I think the Malibu Raceway name and its attractions will live on for years to come," O'Connell said. "It means so much to me," he added. "It means so much to my wife and son that we'll be able to go up there and still see what we've generated for the last 33 years."

O'Connell has no ill feelings about what has transpired over the past few weeks.

"Business is business and this is absolutely better than closing," he said. "I'm happy that CarMax has got a place to come now and that we're not kicking Malibu out," he later said. "We're just going to be relocating it to a better property."

Malibu Raceway's last day in Beaverton was on Sunday and O'Connell has until 11:59 p.m. on Tuesday to get everything moved. The target date for opening at Skibowl is Memorial Day.