NASHVILLE, Tenn. (CLARKSVILLENOW) – Formosa Productions Inc. and Bristol Motor Speedway (BMS) have today reached an agreement to explore bringing major NASCAR racing events back to Nashville.
According to a release from BMS, the joint effort intends to combine local racing and other major motorsports events that once made Fairgrounds Speedway one of the premier raceways in motorsports.
Formosa Productions has a multi-year contract with the Metro Nashville Board of Fair Commissioners to promote and manage the Nashville Fairgrounds Speedway and operate a limited number of local racing events.
BMS and Formosa Productions 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.
“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.”
Claire Formosa, vice president of Formosa Productions added, “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 can not wait to see what the future holds for this facility and everyone involved.”
A deadline for when the agreement could be a done deal has not been made public.