Nascar could return to Nashville Fairgrounds Speedway for the first time since 2000 following a deal between track operator Formosa Productions and owner Bristol Motor Speedway.
The two entities have have signed a contract to work with Metro Nashville and the Board of Fair Commissioners “on a long-range plan of significant track improvements and high-profile race events that could include Nascar events upon the facility meeting standards”.
Fairgrounds Speedway last hosted a Cup race in 1984 and Xfinity and Truck Series races in 2000.
Claire Formosa, vice-president of Formosa Productions, said: “This is exactly what the Fairgrounds Speedway Nashville needed. This is one of the most historic short tracks in the country. To know that we now have the chance to bring back Nascar and restore this facility to what it once was, without losing any of its history is remarkable. I cannot wait to see what the future holds for this facility and everyone involved.”
Earlier this year, the city approved financing for a $275m (€240m) Major League Soccer stadium project on the fairgrounds site next to the speedway.