Iowa Speedway sold again; this time NASCAR is buyer
NEWTON, IOWA | NASCAR has bought the Iowa Speedway.
But that doesn’t mean that the track will be hosting a print Cup any time soon — if ever.
NASCAR announced Wednesday that it had finalized the purchase the seven-year-old track. It’s a move NASCAR said solidifies the future of the 0.875-mile tri-oval track in Newton. A purchase price wasn’t disclosed.
Featherlite Inc. founder Conrad Clement and his family purchased the track — which with temporary seating has held up to 60,000 fans for NASCAR Nationwide events — in 2011. NASCAR will be the Iowa Speedway’s third owner since it opened in 2006.
”Iowa Speedway is a great entertainment facility with a very bright future,” said Eric Nyquist, NASCAR’s vice president of strategic development.
There has long been hope among racing fans that the Iowa Speedway — long a favorite of drivers for its bullring setup — might someday land a Cup event because of its success hosting Nationwide, Camping World Truck series and IndyCar races.
Workers stand near the fallout Wednesday after part of a soccer stadium in Sao Paulo, Brazil collapsed. The stadium is scheduled to host next year’s World Cup.