SMI Reveals Proposed $60 Million Plan For Fairgrounds Speedway (TN) | Performance Racing Industry
SMI Reveals Proposed $60 Million Plan For Fairgrounds Speedway (TN)
May 15, 2019
The plans, which includes a 30,000 seat-capacity structure, an expanded concourse and sound barriers, have been created in hopes to get NASCAR racing back to the Nashville area track.
SMI Reveals Proposed $60 Million Plan For Fairgrounds Speedway (TN)

Officials from Speedway Motorsports Inc. (SMI) have revealed plans to renovate Fairgrounds Speedway in Nashville, Tennessee to bring NASCAR’s national touring series back to the region.

SMI officials had previously been in discussions with the administration from Mayor David Briley’s office with talks taking place behind closed doors. The proposed plan, headed by  Bristol Motor Speedway Executive Vice President Jerry Caldwell, first went public on Tuesday.

The $60 million renovation features a 30,000 seat-capacity structure, an expanded concourse, pedestrian tunnels and sound barriers, according to The Tennessean.

"This is your racetrack," Caldwell said, according to The Tennessean. "This racetrack belongs to the people of Nashville. We see tremendous potential... and are willing to offer our resources and experience in partnership with you."

The proposed renovation could be paid for through bonds and a revenue stream created through alternate uses of the speedway property, Caldwell said.

An apartment building, which is located 20 feet from the track’s entrance and would impede traffic flow of the race track, is another remaining hurdle.

As of now, discussions are still in progress between local political officials and SMI. The earliest a NASCAR race would visit the Nashville track would be 2021 if approved to be included on the series’ calendar.

A NASCAR national touring series has not competed at the Tennessee track since 2000. Regional NASCAR series have also competed in Nashville.

Formosa Productions, owned by Tony Formosa, is the current operators of the track. Along with the annual running of the Super Late Model All-American 400, the facility currently hosts weekly racing.

For more information on the track, visit the Fairgrounds Speedway website or the Speedway Motorsports Inc. website.