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http://www.tennessean.com/special/speedway/index.shtml
http://www.memphismotorsports.com/html/maps.html
Superspeedway Complex Details
On October 19, 1998, A proposed $125 million superspeedway complex was planned for Wilson & Rutherford counties. Since that time the site has been moved completely to Wilson County.
Denis McGlynn, President & CEO, for Dover Downs said, "The concept requires the cooperation of state officials and utilities, as well as the county, and envisions that new or improved roads and utilities needed to support the superspeedway will be funded by tax revenues generated from the facility itself. Therefore, they will be generating millions of dollars in economic benefit each year, with no charge to the expense side of county budgets.
"Motorsports is the fastest growing porfessional sport in America," McGlynn said, "and we appreciate the great support we are receiving from racing fans in Middle Tennessee who want this project to succeed. We believe our proposal will help the counties get over the major concern of how the project is going to impact county budgets."
While the project is expected to have no impact on the cost side of county budgets, McGlynn said a New economic benefits study shows a huge favorable impact on the plus side in an eight-county area that surrounds the proposed development.
During construction, according to the study by the consulting firm Grant Thornton LLP, the project would bring about total regional economic output of $213 million, including 2,450 full and part-time jobs, an increase in personal imcome of $75 million, and indirect business taxes of $7 million.
Once the track is operational with the currently envisioned racing program, the annual impact is estimated at regional output of $222 million, 4,000 full and part-time jobs, increased personal imcome of $83 million and indirect business taxes of $17 million.
If the facility is successful in attracting a NASCAR Winston Cup race, the study said, it would mean an additional $100 million in regional economic impact.
Dover Downs, which owns the Nashville Speedway, has earmarked $124.5 million for development of the new Nashville Superspeedway, a state of the art complex planned to include:
An overall project site of approximately 3,000 acres, far more than is needed for the motorsports complex, providing a large buffer between the racing facilities and neighbors.
A paved superspeedway track with approximately 50,000 grandstand seats initally.
An overall infrastructure designed to accommodate 150,000 seats at the superspeedway.
A 5/8 mile paved oval short track with 5,000 grandstand seats.
An approximate 1.8 mile road course contained within the speedway.
A Legends track.
A drag strip with 15,000 grandstand seats.
A clay oval track with 3,500 grandstand seats.
In addition to professional auto racing under several national sanctioning bodies, the complex is planned to host anateur racing events, driving schools and other track rental opportunities.
Dover Downs Entertainment, Inc., which hosts major NASCAR and Indy Racing League events at its Dover Downs, Delaware speedway and entertainment complex, also owns and operates the Toyota Grand Prix of Long Beach, Calif.; Gateway International Raceway in St. Louis, Missouri; and Memphis Motorsports Park in Memphis, Tennessee.
http://www.gaylordopryland.com/
http://www.tennessean.com/special/speedway/index.shtml
http://www.memphismotorsports.com/html/maps.html
Superspeedway Complex Details
On October 19, 1998, A proposed $125 million superspeedway complex was planned for Wilson & Rutherford counties. Since that time the site has been moved completely to Wilson County.
Denis McGlynn, President & CEO, for Dover Downs said, "The concept requires the cooperation of state officials and utilities, as well as the county, and envisions that new or improved roads and utilities needed to support the superspeedway will be funded by tax revenues generated from the facility itself. Therefore, they will be generating millions of dollars in economic benefit each year, with no charge to the expense side of county budgets.
"Motorsports is the fastest growing porfessional sport in America," McGlynn said, "and we appreciate the great support we are receiving from racing fans in Middle Tennessee who want this project to succeed. We believe our proposal will help the counties get over the major concern of how the project is going to impact county budgets."
While the project is expected to have no impact on the cost side of county budgets, McGlynn said a New economic benefits study shows a huge favorable impact on the plus side in an eight-county area that surrounds the proposed development.
During construction, according to the study by the consulting firm Grant Thornton LLP, the project would bring about total regional economic output of $213 million, including 2,450 full and part-time jobs, an increase in personal imcome of $75 million, and indirect business taxes of $7 million.
Once the track is operational with the currently envisioned racing program, the annual impact is estimated at regional output of $222 million, 4,000 full and part-time jobs, increased personal imcome of $83 million and indirect business taxes of $17 million.
If the facility is successful in attracting a NASCAR Winston Cup race, the study said, it would mean an additional $100 million in regional economic impact.
Dover Downs, which owns the Nashville Speedway, has earmarked $124.5 million for development of the new Nashville Superspeedway, a state of the art complex planned to include:
An overall project site of approximately 3,000 acres, far more than is needed for the motorsports complex, providing a large buffer between the racing facilities and neighbors.
A paved superspeedway track with approximately 50,000 grandstand seats initally.
An overall infrastructure designed to accommodate 150,000 seats at the superspeedway.
A 5/8 mile paved oval short track with 5,000 grandstand seats.
An approximate 1.8 mile road course contained within the speedway.
A Legends track.
A drag strip with 15,000 grandstand seats.
A clay oval track with 3,500 grandstand seats.
In addition to professional auto racing under several national sanctioning bodies, the complex is planned to host anateur racing events, driving schools and other track rental opportunities.
Dover Downs Entertainment, Inc., which hosts major NASCAR and Indy Racing League events at its Dover Downs, Delaware speedway and entertainment complex, also owns and operates the Toyota Grand Prix of Long Beach, Calif.; Gateway International Raceway in St. Louis, Missouri; and Memphis Motorsports Park in Memphis, Tennessee.
