Agreement Reached; LMS To Remain In Concord

Bruton Smith has reached an agreement with Concord and Cabarrus County. He will keep Lowe’s Motor Speedway in Concord.

Smith, the owner of the track, had set Thanksgiving Day as his deadline for making a decision. He threatened to move the track weeks ago when Concord city council members stopped work on a drag strip he was building near the speedway.

Concord and Cabarrus County leaders quickly backed off their stance and put together an incentives package reportedly worth around $70 million.

Concord officials said, in principal, an agreement has been reached. Track leaders will meet Monday afternoon to release specifics on the deal.

Eyewitness News is working to gather more details.

PREVIOUS STORIES:

Smith Presented Massive Incentives Package To Stay In ConcordLowe's Motor Speedway Decision Could Come This WeekReport: Officials Developing $75M In Incentives To Keep SpeedwayCabarrus County Wants To Expand Lowe's Motor SpeedwayConcord, Cabarrus County Leaders Try To Convince Smith To StaySpecial Meeting Held On Drag Strip Zoning OrdinanceBanner Showing Bruton Smith Love Goes Up Over ConcordConcord Panel Approves Drag Strip Near NASCAR SpeedwaySmith Prepared To Leave His Past In ConcordState, Along With Concord, Now Offering Incentives To Keep LMSKeeping Traffic To Speedway Smooth Is A ChallengeConcord Explores Incentives To Keep SpeedwaySome Fans May Be For It, But Moving LMS Would Be ComplicatedNASCAR President Speaks Out About LMS ControversyLeaders Want LMS To Stay; Spokesman Says Concord's Backtracking May Be Too LateConcord City Council Asks Zoning Board To Accommodate Drag StripSpeedway Leaders Try To Focus On Race Despite Dispute With ConcordLMS Owner May File Lawsuit Against Concord Next WeekSpeedway Neighbors React To Possibility Racing Complex May MoveLMS Owner Considering Offers For Land; Rowan County Wants To TalkConcord Has Hope For Reconciliation; LMS Owner Shops Properties Across The RegionSpeedway Owner Threatens To Take Business Out Of ConcordPlans For Drag Racing Strip Stopped