Industry News
Redevelopment Application Approved For Daytona International Speedway
October 18, 2012
The Daytona Beach City Commission also signed off on changes to the Daytona Mixed-Use PMD for International Speedway Corporation’s property north of International Speedway Boulevard.
Redevelopment Application Approved For Daytona International Speedway

The Daytona Beach City Commission has unanimously approved Daytona International Speedway’s application to redevelop the facility and surrounding property.

In response, Speedway President Joie Chitwood III released the following statement:

“The review and unanimous approval of our Planned Master Development (PMD) Application by the City Commission of Daytona Beach on Wednesday night is a major milestone in the pursuit of a potential significant redevelopment of Daytona International Speedway. The Commission also approved changes to the Daytona Mixed-Use PMD for International Speedway Corporation’s property north of International Speedway Boulevard. 

Both projects create the potential for a vibrant development at the gateway to our community with positive economic benefits to the region. We extend our sincere thanks to the city of Daytona Beach for their ongoing partnership throughout this review process and look forward to working together as this project continues to evolve.

With this approval, we now can begin the work of developing the project details and evaluating numerous factors that will affect our plans. 

This is an exciting time as we work to shape the vision of Daytona International Speedway for the next 50 years. A long road still remains but we are very excited for what the future holds for our race fans, our community and the ‘World Center of Racing.’”