- Associated Press - Wednesday, October 8, 2014

NASHVILLE, Tenn. (AP) - NeXovation Inc. and Dover Motorsports Inc. have amended the purchase agreement allowing NeXovation to acquire Nashville Superspeedway.

In a release Wednesday announcing the change, NeXovation officials said it would “allow NeXovation additional time to complete the required due diligence on certain survey terms.” NeXovation CEO Robert Sexton said in a statement that they intend to close on the purchase before the end of the year.

The release indicated NeXovation has already made a payment on the purchase transaction.

Dover Motorsports agreed in May to sell the superspeedway in a deal worth nearly $46 million.

The 1.33-mile, concrete track opened in 2001 hosting NASCAR trucks and Nationwide races along with an Indy Racing League event through 2008. Dover closed the track, except for testing, in 2011.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide