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Nashville Superspeedway sold to real estate development company

Nashville Superspeedway

NASHVILLE, TN - JULY 12: Helio Castroneves drives the #3 Team Penske Dallara Honda ahead of the pack at the start of the IRL IndyCar Series Firestone Indy 200 on July 12, 2008 at the Nashville SuperSpeedway in Nashville, Tennessee. (Photo by Darrell Ingham/Getty Images)

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Dover Motorsports, Inc., which owns Dover International Speedway, has announced it has sold Nashville Superspeedway and “some related equipment and assets " to a real estate development company.

DMI has sold the 1.3-mile track in Lebanon, Tennessee, to the Panattoni Development Company, which specializes in “industrial, office and build-to-suit projects” for $27.5 million in cash.

Closing of the sale, after “customary due diligence and closing conditions, including zoning approvals,” is expected early in 2017.

Nashville has not hosted a NASCAR event since 2011, when it held its last Xfinity Series and Camping World Truck Series races. The track was the site of 21 Xfinity races and 13 Truck races beginning in 2001.

The track also hosted the Verizon IndyCar Series from 2001-2008.

Carl Edwards won the last Xfinity Series race at Nashville, the 2011 Federated Auto Parts 300.

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