Terms of the agreement announced Wednesday were not announced and still must be approved by the Metro Nashville Board of Fair Commissioners.
Formosa Productions Inc., which has a multi-year contract to manage the Fairgrounds Speedway, and BMS will work with Metro Nashville on a long-range plan to improve the facilities at the historic short track and bring high-profile races. That could include NASCAR events once the track meets certain standards.
The track, owned by Nashville, last hosted a top NASCAR series race in 1984.
Jerry Caldwell, executive vice president and general manager of Bristol Motor Speedway, says Nashville has a reputation as one of the most exciting tracks in the history of motorsports in a region with a passionate fan base. Caldwell says the racing industry is excited about Nashville's potential to be a regular site for "major events."
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