ISC Formally Announces Daytona Int'l Speedway Expansion
The ISC BOD on Friday approved a $375-400M renovation of Daytona Int’l Speedway, and ISC officially announced the project this morning with the tagline “Daytona Rising, Reimagining an American Icon.” Construction starts July 8, with completion targeted for Jan. 1, 2016. The facility will remain open during the two-and-a-half year project, DIS officials said. The upgrades will greatly expand the track’s grandstand along the front stretch with longer, wider concourses and concessions and dozens of escalators. ISC will fund the overhaul with cash from its ongoing operations.
The track sought close to $75M in tax breaks from the state of Florida, but legislators rejected the request last month. As a result, ISC committed to financing the entire project and modified the scope of the renovation. For more, see today’s issue of THE DAILY.