Agreement reached that could bring NASCAR back to Nashville

Posted at 1:58 PM, Dec 19, 2018
and last updated 2018-12-19 14:58:00-05

NASHVILLE, Tenn. (WTVF) — An agreement has been reached that could bring major NASCAR racing events to Fairgrounds Nashville.

Formosa Productions Inc. and Bristol Motor Speedway reached an agreement Wednesday to explore the possibility that would combine local racing and other major motorsport events at the fairgrounds.

They would work with Metro Nashville and the Board of Fair Commissioners on a long-range plan of track improvements and high-profile race events that could include NASCAR events once the facility meets the required standards.

“This is terrific news for fans of racing and drivers all across the country and will bring a brighter future for Nashville Fairgrounds,” said Tony Formosa, president of Formosa Productions. “I’m excited to work with Bruton and Marcus Smith and the Bristol team who I feel will bring this historic facility back to where it belongs. Today marks an exciting new beginning for the Fairgrounds Speedway Nashville.”

Earlier this year, Metro City Council members approved plans for a $275 million Major League Soccer stadium to be built at the fairgrounds.

Nashville Mayor David Briley released the following statement: "The Fairgrounds has tremendous community support. I look forward to exploring how this news fits into the overall plan that Metro Council has approved for the MLS stadium, mixed-use development and refurbished Expo Center complex."