NASCAR Purchases Iowa Speedway

NEWTON, IA - AUGUST 4: Elliott Sadler, driver of the #2 OneMain Financial Chevrolet, leads the field at the start of the U.S. Cellular 250 race at Iowa Speedway on August 4, 2012 in Newton, Iowa. (Photo by Rainier Ehrhardt/Getty Images for NASCAR)
NEWTON, IA - AUGUST 4:  Elliott Sadler, driver of the #2 OneMain Financial Chevrolet, leads the field at the start of the U.S. Cellular 250 race at Iowa Speedway on August 4, 2012 in Newton, Iowa. (Photo by Rainier Ehrhardt/Getty Images for NASCAR)
NEWTON, IA – AUGUST 4: Elliott Sadler, driver of the #2 OneMain Financial Chevrolet, leads the field at the start of the U.S. Cellular 250 race at Iowa Speedway on August 4, 2012 in Newton, Iowa. (Photo by Rainier Ehrhardt/Getty Images for NASCAR)

NASCAR announced Wednesday that it has purchased Iowa Speedway, the .875-mile short track in Newton, Iowa, a city about 30 miles east of the state capital of Des Moines.

In a release announcing the deal, NASCAR called the purchase “a strategic move designed to expand its commitment to enhancing event experiences and fan engagement, as well as solidify the future of one of the premier racing and entertainment facilities in the Midwest.”

“Iowa Speedway is a great entertainment facility with a very bright future,” said Eric Nyquist, NASCAR vice president, strategic development. “The facility has the support of the region, it’s positioned well in the heart of the Midwest, and year in and year out it provides great short-track racing action for motorsports fans.

“NASCAR ownership will allow us to draw on the entire resources of our company. It also provides us with the opportunity to execute first-hand a number of entertainment ideas and engagement opportunities with fans — much of which we have outlined repeatedly as the core of our Industry Action Plan.”

The track opened in 2006 and NASCAR has run NASCAR Nationwide Series and NASCAR Camping World Truck Series at Iowa Speedway since 2009. In 2014, it is scheduled to host three weekends, one each in May, July and August. The schedule will include two NASCAR Nationwide Series races, a combination NASCAR Camping World Truck Series and IndyCar Series weekend, plus two additional NASCAR K&N Pro Series support races.

NASCAR said it has no plans for Iowa Speedway to host a NASCAR Sprint Cup Series race next year or in the immediate future.

About Greg Engle 7420 Articles
Greg is a published award winning sportswriter who spent 23 years combined active and active reserve military service, much of that in and around the Special Operations community. Greg is the author of "The Nuts and Bolts of NASCAR: The Definitive Viewers' Guide to Big-Time Stock Car Auto Racing" and has been published in major publications across the country including the Los Angeles Times, the Cleveland Plain Dealer and the Atlanta Journal-Constitution. He was also a contributor to Chicken Soup for the NASCAR Soul, published in 2010, and the Christmas edition in 2016. He wrote as the NASCAR, Formula 1, Auto Reviews and National Veterans Affairs Examiner for Examiner.com and has appeared on Fox News. He holds a BS degree in communications, a Masters degree in psychology and is currently a PhD candidate majoring in psychology. He is currently the weekend Motorsports Editor for Autoweek.