Agreement reached to sell Nashville Superspeedway for $27.5M

(Photo: WKRN)

NASHVILLE, Tenn. (WKRN) – The Nashville Superspeedway will soon have new ownership.

Dover Motorsports, Inc., announced Thursday they reached an agreement to sell the property to Panatonni Development Company. It’s an international real estate company that specializes in industrial, office, and build-to-suit projects.

Under the agreement, Dover Motorsports, Inc., will sell the Nashville Superspeedway along with related equipment and assets for $27.5 million in cash.

The sell should be completed in early 2017.

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