Bristol Motor Speedway’s proposal to lease and renovate the Nashville Fairgrounds Speedway was approved by the Nashville Fair Board.
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“We are thankful to the Nashville Fair Board for supporting the vision to restore the historic Fairgrounds Speedway,” said Jerry Caldwell, president and general manager of Bristol Motor Speedway. “They invested a lot of time vetting this opportunity, and we agree it provides a financially responsible future for the speedway while shifting the risk off taxpayers to a private operator, and completes the restoration of the Fairgrounds with improvements like a state-of-the-art sound-reduction wall that benefits the surrounding neighborhoods. We look forward to working with the Metro Council in the weeks ahead and believe that they also will agree that this is a smart plan for the future of the Nashville Fairgrounds Speedway.”
Under the agreement, Bristol Motor Speedway will lease, manage and operate Nashville Fairgrounds Speedway for a thirty-year term. Bristol would be responsible for installing state-of-the-art sound mitigation to help reduce the noise in the surrounding neighborhoods. The track’s grandstand would be rebuilt to seat approximately 30,000 fans.
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