State News

Lowe's Motor Speedway to Stay in Concord

Posted November 21, 2007

— A spokesman says that Lowe's Motor Speedway owner Bruton Smith has decided to keep his operation in Concord rather than move it as he had threatened.

Speedway official Jerry Gappens says Smith plans to discuss his decision at a news conference on Monday.

The issue arose when city officials said Smith couldn't build a $100 million drag strip near the speedway because of noise concerns. Smith then threatened to move the speedway.

Fearing the loss of a major economic engine, the Concord City Council then reversed its stance and approved the drag strip proposal. The city also sweetened the pot by offering up to $75 million in incentives to help Smith renovate and expand Lowe's Motor Speedway.

The incentives, which could include improvements to nearby roads and property tax rebates, would be evenly split among Concord, Cabarrus County and the state, officials said.

Studies show NASCAR generates about $5 billion a year in North Carolina. About 90 percent of race teams are based in the state, and the NASCAR Hall of Fame is being built in Charlotte.


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  • drnc Nov 22, 2007

    Well played, Bruton. Well played indeed.

  • iwondersometimes Nov 22, 2007

    Not bad for a day's work and oh yeah, a temper tantrum...$75 million. Bruton has always used state money for traffic control around the track...other sports venues have to pay for that but not Bruton, he just feeds the troopers steaks and everyone is happy, except you, who is paying for all that. Estimated costs to the state is about $300,000 per race Now, you will help him upgrade his track and I guarantee the ticket price will go up. So much for the working man who made that sport. I used to work in NASCAR and I don't recongize the sport anymore!

  • DukeMoney Nov 22, 2007

    I'd sure like to know what the State "incentives" were. I really don't care what Concord and Cabarrus Co. paid Bruton Smith when he got mad at them and made them pay homage. Those are their tax dollars. The state "incentives," however, were paid with our money. The Attorney General needs to look into this scheme.

  • Kidw4legs stops in Nov 22, 2007

    My resident NASCAR fan says BS can stick it up Hollywood Blvd.!

    We, too, long for the olden days of racing when that's what they did... period. Unless of course, there was some swinging of fists at the end for an encore to the show!

  • bigmoe Nov 22, 2007

    DayumKrazy1.....would you like some cheeze with that whine? Sounds like you have too much anger to be a true NASCAR fan. Get over the fact that whoever it is you pull for can't compete on the same level as Dale Jr. And is nowhere as popular as Dale.
    I bet it is Juan Pablo Mon....whoever!
    As far as Bruton is concerned....he is nothing more than a spoiled child in an old man's body. I can't believe that they voted the way they did....and to give incintives?....what a bunch of scared little girls!

  • Offshore Nov 22, 2007

    When are they going to rename NASCAR, long gone are the days of "Stock" Car races. You can't even tell the difference between the car manufacturers. NASCAR now stands for Not.A. Stock.Car.Auto.Race. The car of tomorrow is one step closer to an Indy Car.

  • daMoFo Nov 22, 2007

    Feed what hungry? Is the Concord area having a problem with famine?

  • Amused Nov 22, 2007

    Everybody keeps saying Nascar is ruined, yet people still watch and attend the races. Still purchase the merchandise. Why is that?
    Ratings are down, some seats are empty but it always turns around. Just like in other sports.

  • yukonjohn3 Nov 22, 2007

    Who cares about Bruton Smith anyway?? Him and Brian France can take a long walk off a short pier as far as I am concerned. I will never spend another red cent on NASCAR or LMS. I used to come down from Alaska to go to races at the Rock and CMS, but, as far as I am concerned, they can stick them where the sun doesnt shine. Brian France and Mike Helton and the likes of Bruton Smith have RUINED NASCAR!! Let them eat sand!!

  • xchief661 Nov 22, 2007

    As a big race fan and one who attends every race in Concord, I am certainly glad they have come to some agreement. However, in saying that I wish someone would give me $75 million as an incentive to keep my toys at their house. Of course, its gonna cost alot more now to go to the track. Bruton, concord and all their money better wonder if they raise all the dues who is going to be willing to pay it. I am a an extreme fan and it is already pretty expensive so if he intends for the fans to pay for this, he and the city may find that they lose money instead.