Efforts to bring NASCAR racing back to Fairgrounds Speedway in Nashville have taken another step forward with the announcement that Formosa Productions Inc. and Bristol Speedway have aligned.
Per a release from BMS, “Formosa Productions has a multi-year contract with the Metro Nashville Board of Fair Commissioners to promote and manage the Nashville Fairgrounds Speedway and operate a limited number of local racing events. BMS and Formosa Productions, who will continue to lead local racing efforts, have signed a contract to work with Metro Nashville and the Board of Fair Commissioners, owner of the historic raceway at the Nashville Fairgrounds, on a long-range plan of significant track improvements and high-profile race events that could include NASCAR events upon the facility meeting standards.”
Tony Formosa is the track operator and president of Formosa Productions. His daughter Claire is the vice president of Formosa Productions and president of the track.
“Tony and our team both see the same bright future for Fairgrounds Speedway,” said Jerry Caldwell, the executive vice president and general manager of BMS. “Nashville has a special reputation as one of the most exciting tracks in the history of motorsports, and the region has a remarkably large and passionate fan base. The motorsports industry – the sanctioning bodies, drivers and race teams – is excited about Nashville’s potential to be a regular site for major events. With Metro supportive of that vision, we are eager to start working tomorrow with the city, Tony and other stakeholders at the Fairgrounds and beyond, to develop a first-class racing facility and program.”
Fairgrounds Speedway has not hosted a NASCAR national series race since 2000. However, hope for a return has spiked as both sides continue to express the desire for NASCAR to return, with SMI CEO Marcus Smith among a group to pitch the city mayor.
The city of Nashville also approved the development of a $275 million Major League Soccer stadium included in a plan to rezone 10 acres of fairgrounds property. The speedway is not being disturbed.
“This is terrific news for fans of racing and drivers all across the country and will bring a brighter future for Nashville Fairgrounds,” Tony Formosa said. “I’m excited to work with Bruton and Marcus Smith and the Bristol team who I feel will bring this historic facility back to where it belongs. Today marks an exciting new beginning for the Fairgrounds Speedway Nashville.”
“This is exactly what the Fairgrounds Speedway Nashville needed,” Claire Formosa said. “This is one of the most historic short tracks in the country. To know that we now have the chance to bring back NASCAR and restore this facility to what it once was, without losing any of its history is remarkable. I cannot wait to see what the future holds for this facility and everyone involved.”