CARROLL PROPERTIES PURCHASES LOUISVILLE MOTOR SPEEDWAY
Carroll Properties, Inc. has purchased Louisville Motor
Speedway (LMS) from Kenny Stilger and Andy Vertrees.
Carroll Properties Chair Jerry Carroll will retain Vertrees
as LMS' promoter and GM, and will spend $400,000 for a new
racing surface (Carroll Properties). In Cincinnati, Terry
Flynn reported that Carroll and his four business partners
expect to spend $100M on the 60,000-seat superspeedway. The
partners "don't yet have a single commitment for a race date
from any major sanctioning body," but Carroll said is
confident the facility "will attract the big races."
Carroll's plans "call for an expansion to 180,000 seats by
2002." Carroll's partners include Richard Duchossois,
owner of Arlington Park race track; John Lindahl, a partner
in Turfway Park; Bruce Lunsford and Chris Sullivan, founder
of Outback Steakhouse and general partner of the MLB Devil
Rays (Terry Flynn, CINCINNATI ENQUIRER, 1/9).