Monday, November 25, 2013

Report: Iowa Speedway To Be Sold

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.


  1. Doug S6:17 PM

    Dang. This morning on the morning drive Pete and Bag's asked where would you move one NSCS race in the world. I would have chosen Iowa just to give that great track a shot at least one race. Hope they can continue putting on great shows for the region!

  2. Michael in SoCal11:06 AM

    Totally agree with Doug. The Cup series should run at Iowa. Lose a cookie cutter race and add Iowa, or better yet, lose two cookie cutters (one each from ISC & SMI) and add Iowa & a new Road Course.

  3. Anonymous3:37 PM

    I can only hope one of these big Nascar track owners purchases Iowa Speedway. Maybe then we'll have a chance of getting on the circuit.

  4. Anonymous7:35 AM

    Iowa Speedway is short track. It is not an "aero push" cookie cutter mile and a half. The fans fill the place. Hello? NASCAR? Bruton? ISC? Hello?

    Kevin F - Maine