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FORT WORTH TO CREATE AUTHORITY FOR BRUTON SMITH'S RACETRACK
Published May 10, 1995
Racetrack owner Bruton Smith and the Fort Worth City Council have come to a "general agreement" that calls for the creation of a sports authority to issue bonds for the construction of Smith's $75M Texas Motor Speedway to be located just north of Alliance Airport, write Roland Martin & Jack Smith in the FORT WORTH STAR- TELEGRAM. Within six months, a final agreement on operating rules and legal requirements must be reached between the Council and Smith's Speedway Motorsports Inc. City officials expect the speedway to boost tourism revenue and increase exposure through NASCAR TV events (FT. WORTH STAR-TELEGRAM, 5/10).