Nashville Fairgrounds Speedway World Cup
The Nashville Fairgrounds Speedway Mayor’s Office has struck a deal with Bristol Motor Speedway to refurbish and lease Nashville Fairgrounds Speedway so that NASCAR races and other events may be held there.
The contract is subject to ratification by the Metropolitan Council, the Board of Fair Commissioners, and the Sports Authority. On Tuesday, the mayor’s office handed the contract to the Fair Board. The Fair Board will hold two open-forum meetings for the public to submit comments and continue ongoing talks.
The Fair Board is likely to have a formal vote in January 2023.
There is no date for when the track will be ready for a Nashville Fairgrounds Speedway NASCAR race, but NASCAR President Steve Phelps said this past weekend in Phoenix that “we’re going to have continuing schedule variety in 2024.”
“Bristol will stage a NASCAR Cup Race at least every other year during the leasing agreement and has undertaken to make up any gaps in pledged income in order to guarantee bond payments are paid in the event a race is not held as planned,” according to a description of the contract details.
The installation of cutting-edge sound mitigation components, modernization of driver and spectator safety elements, replacement of the grandstand at the Nashville Fairgrounds Speedway World Cup, and the development of a multi-purpose event complex are among the modifications planned for the historic track. The restored grandstand is intended to seat more than 30,000 people.
Fairgrounds Speedway first opened its doors in 1904 and held NASCAR Cup races from 1958 through 1984. Dale Earnhardt, Richard Petty, Darrell Waltrip, and Sterling Marlin are among those who have won there.
In a statement, Nashville Mayor John Cooper stated, “Partnering with Bristol permits Nashville to retain our 131-year legacy of racing at the Fairgrounds and bring the renowned racetrack back to life as an important and exciting feature of the renovated Fairgrounds.”
“Recognizing our responsibility to keep the track in good condition, we are leveraging investments from the state, the tourist sector, and facility users to make this a financial success for the city at the Nashville Fairgrounds Speedway World Cup.” We may reintroduce this national landmark. In the next months, I look forward to working with the Fair Board, Sports Authority, and Metro Council.”
Once the Fair Board commissioners have approved the control, it will be brought to the Metro Council for consideration, followed by the Sports Authority for approval, before the contract is returned to the Mayor’s office for the binding signing.
In a statement, Speedway Motorsports President and CEO Marcus Smith stated, “This is a fantastic step forward for Mayor Cooper’s office, the city of Nashville, and our business to preserve history with a rebuilt Fairgrounds Speedway.”
“It’s time to secure a bright future for NASCAR’s return to the fairgrounds and develop meaningful new entertainment for the city and area.”
“We’d want to thank the NASCAR community, local racers, corporate and non-profit partners, and we look forward to working with the Fair Board and Metro Council in the coming weeks to make this vision a reality for Nashville Fairgrounds Speedway.”
“It’s been a lengthy multi-year process through choices and discussions, and we are excited to see this project through to completion at the Nashville Fairgrounds Speedway,” said Jerry Caldwell, president and general manager of Bristol Motor Speedway.
“We have a lot of work ahead of us as we meet with municipal authorities and collaborate with the community to accomplish a really thorough restoration of the Nashville Fairgrounds Speedway for future generations’ pleasure.”
“We urge racing fans to continue to support this unique piece of motorsports history at the Nashville Fairgrounds Speedway.” We are grateful to everyone who has supported us during this journey.
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