Report: Iowa Speedway owners plan to sell track

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The U.S. Motorsport Corporation is planning to sell the 7/8-mile Iowa Speedway in Newton, Iowa according to NBC affiliate WHO-TV in Des Moines. Iowa Speedway currently hosts the NASCAR Nationwide Series, NASCAR Camping World Truck Series, and IndyCar Series.

WHO-TV reports that the company will sell to an undisclosed buyer – only known as “Iowa Speedway, LLC” in documents given to Newton City Council members. The Council will hold a special meeting tomorrow to vote on approving the terms.

The news comes more than two months after the track’s CEO, Doug Fritz, resigned. At that point in time, The Des Moines Register also was reporting that the track was behind on some vendor payments.

In 2011, the Manatt family sold the U.S. Motorsports Corporation to the family of Featherlite Trailers founder Conrad Clement. NASCAR legend and track designer Rusty Wallace remained involved as a minority owner through the exchange.

Iowa has earned praise for its short-track brand of racing, but has had to reduce its schedule from five major weekends this past season to three for 2014. The NNS will visit twice next May and August, while the Trucks and the IndyCars will pair up next July.

Montoya: ‘Hopefully I get a chance to do Indy again’ (VIDEO)

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Juan Pablo Montoya is on site at this weekend’s United States Grand Prix, his latest trip in a summer and fall filled with a lot of international travel and a number of different race cars he’s been in.

Montoya is committed to a full season in the IMSA WeatherTech SportsCar Championship with Acura Team Penske in 2018, as he’ll share one of the team’s Acura ARX-05s with Dane Cameron.

However, the question of whether he’ll be able to race in the 102nd Indianapolis 500 presented by PennGrade Motor Oil remains.

Team Penske has said it plans to only run four cars next month of May, with Helio Castroneves as the fourth driver alongside the three full-time cars driven by Josef Newgarden, Simon Pagenaud and Will Power.

While Montoya has said elsewhere that he’s shopping offers and has talked with other teams, it’d be highly surprising to see the two-time Indianapolis 500 champion who developed the Chevrolet engine for IndyCar’s 2018 Dallara universal body kit in a Honda-powered IndyCar, although he is running Honda’s brand (Acura) in sports cars.

Montoya elaborated on his Indy 500 prospects in an interview with NBCSN pit reporter and insider Will Buxton at the Circuit of The Americas.

“Not full-time no,” Montoya told NBCSN of his IndyCar 2018 prospects. “Hopefully I get a chance to go to Indy, hopefully with Penske, (and) if not someone else. We’ll see.”

Photo: IndyCar

Montoya has extolled the early testing both on the 2018 IndyCar and on the Acura ARX-05.

The first Acura chassis has run at Road Atlanta and Sebring International Raceway thus far, and will be put through its paces at other venues over the next few months.

“It’s been good. We did a lot of work with INDYCAR on that car. Fans are gonna like it,” Montoya said of the 2018 kit.

“Going to IMSA with the Acura program, we’ve done a lot of testing. It’s a beauty to drive. It drives better than what it looks! I haven’t had that much fun driving a race car in a long time.”

Acura ARX-05 Daytona Prototype international (DPi) race car to be campaigned by Team Penske in 2018