WHO-TV in Des Moines, Iowa is reporting today that Iowa Speedway will operate under new ownership in 2014.
The track’s current owner, US Motorsport Corporation, has
experienced periodic financial difficulties in recent seasons, despite drawing
sizeable crowds for NASCAR Nationwide Series (eight races) and NASCAR Camping
World Truck Series (seven races) since 2009. Designed and partially owned by former NASCAR
champion Rusty Wallace, the speedway has also hosted events for the IZOD
IndyCar, ARCA and K&N Pro Series East and West Series since first opening its
gates in 2006.
The ownership group will meet with the Newton, Iowa City
Council Tuesday afternoon to discuss the sale of the speedway and its assets to
an as-yet undisclosed group. The new owners have been identified in preliminary
documents only as Iowa Speedway L.L.C.
The council is expected to approve the reassignment of
various agreements governing operation of the track to Iowa Speedway L.L.C.,
and to approve the continued use of land owned by Newton Municipal Airport for
parking during race events. The track will reportedly host only three race
weekends next season; down from five in recent years.
An official announcement on the sale is expected after
the upcoming Thanksgiving holiday.