Still some interest for Gateway International Raceway, Nashville deletes NASCAR.
Posted on Mon, Aug. 29, 2011
Possible purchase? Interest revs up for shuttered racetrack
By WILL BUSS
Parties interested in possibly purchasing the shuttered Gateway International Raceway in Madison have been in contact with at least one attorney representing one of the track's land owners.
Last week, attorney Bob West, of Paster, West and Kraner in St. Louis, said there is "definitely interest from other parties."
"The owners are continuing to work with various interested parties in an effort to find a quality buyer to keep the track open," West said.
West represents Ruth Franke, who is one of the three people who own land where the track is located.
Gateway International Raceway opened in 1996 and operated until last fall, when owner Dover Motorsports in Delaware closed the track. Dover Motorsports purchased Gateway International Raceway in 1998, the year after the metro-east track held its first NASCAR race.
Oover time the track failed to lure NASCAR's top-tier races, and declining profits eventually decreased the track's value. Last fall, Dover Motorsports announced that the track would not host any NASCAR events for the 2011 season. Gateway International Raceway was closed soon thereafter.
Dover Motorsports closed another one of its properties, Memphis Motorsports Park in Millington, Tenn., in October 2009. It was sold last January and has been renamed Memphis International Raceway.
Earlier this month, Dover Motorsports announced that its Nashville Superspeedway, located in Lebanon, Tenn., will not host any NASCAR events in 2012.