Bristol Motor Speedway’s proposal to lease and renovate the Nashville Fairgrounds Speedway was approved by the Nashville Fair Board.
“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.