RALEIGH – Triangle Racquet Sports, which aims to build a massive tennis, technology, sports medicine and social complex in the Brier Creek area of northwest Raleigh, is looking to raise $5 million to fund development.
Rob Autry, the founder and CEO of the company, signed an SEC filing in which the company says it has so far raised $1.35 million from seven investors.
The funding is a mixture of debt and options,
The project, which has the support of the United States Tennis Association, already has been approved by the Raleigh City Council.
“The facility will reflect Triangle Racquet Sports’ mission to create a more active community by embedding healthy living in its design,” the company says.
“The integration of sports, sports medicine, fitness and technology within an environment that promotes social interactions elevates this project from a tennis facility to a trailblazer in various fields.”
In an interview with WRAL TVm Autry noted: “We’re only second to Atlanta in serious tennis players on the entire east coast,” Autry said. “So this is a big opportunity for us to fill a void and bring something to the market place that is currently not out there.”