Mayor Cooper, Speedway Motorsports discussing NASCAR return to Fairgrounds

It seems as if the Nashville Superspeedway in Gladeville isn’t the one racetrack in Coronary heart Tennessee poised to host a NASCAR Cup Sequence race.

On Monday, Nashville Mayor John Cooper launched that he was in talks with Bristol Motor Speedway officers to convey a NASCAR race to the Nashville Fairgrounds as early as 2022.

“We’ve got an obligation to look after the monitor, so it’s sensible for Nashville to work collectively a sturdy, long-term accomplice from the auto racing enterprise to function it successfully,” Cooper mentioned in an announcement. “Modernizing the Speedway brings the monitor as soon as extra to its historic prominence. It furthermore brings us one totally different step nearer to a Nashville that values its distinctive belongings and makes use of these belongings to assemble a greater metropolis.”

In accordance with the discharge from the Mayor’s workplace, the speedway monitor on the Fairgrounds would pay money for mandatory upgrades to assist flip the monitor into “a critical money-making operation.” Subjects being talked about between the 2 sides embrace Bristol Motor Speedway, which is owned by Speedway Motorsports, turning into the mannequin new supervisor of the monitor and taking up the worth of renovating and sustaining the flexibility together with the establishing of present income streams for the town by lease, lease and shared-event income agreements.

“The racetrack can cease being a monetary drain on taxpayers,” Cooper mentioned. “Instead, it’d in all probability generate optimistic money switch and assist fund group enhancements on the racetrack, on the Fairgrounds and at Truthful Park. This historic web page sometimes is a pleasing, long-term asset for the group and the town.”

Cooper has extended been an advocate of a shared house between the Fairgrounds and Nashville SC’s new MLS stadium subsequent door. He even insisted on the soccer membership reworking a part of its stadium progress plan to ease web site visitors switch with the speedway and create a multi-use leisure web page.

Speedway Motorsports’ curiosity all through the Fairgrounds speedway is nothing new as the corporate beforehand pitched former Mayor David Briley a deal that concerned $54 million in bond funds and an extra $2 million from the town to fund monitor renovations. Briley nixed the proposal, stating he didn’t wish to make use of public cash as a way to convey NASCAR to the Fairgrounds.

Now, it seems that evidently SMS is one step nearer to lastly making NASCAR on the Fairgrounds a actuality.

“Bristol Motor Speedway and Speedway Motorsports are thrilled to take this step ahead with Mayor Cooper, the Truthful Board, Metro Council and the neighborhood stakeholders,” Speedway Motorsports and Bristol Motor Speedway President and CEO Marcus Smith mentioned.

“We’ll work collectively to rework Nashville Fairgrounds Speedway into an unbelievable multipurpose leisure journey spot. We’re ready to roll up our sleeves and go to work to utterly restore the speedway, recruit nationwide occasions and breathe new life correct proper right into a venue that has a legendary standing in auto racing historic earlier.”

Regulate to Michael Gallagher on Twitter @MGsports_

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