Dover Motorsports Inc. reaches agreement to sell Nashville Superspeedway

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The once vast holdings of Dover Motorsports Inc., will soon be down to only its flagship facility, Dover International Speedway, site of this weekend’s FedEx 400 Sprint Car race.

The company announced Thursday that it has agreed to sell Nashville Superspeedway in Lebanon, Tenn., to NeXovation for $27 million in cash and assumption of an estimated $18 million in variable rate tax exempt infrastructure revenue bonds.

“This is a great deal for all concerned insofar as we can transfer an under-utilized, high quality asset to NeXovation, who will create and implement a new business model and re-activate Nashville Superspeedway for the benefit of everyone in the area,” Dover Motorsports CEO Denis McGlynn said in a statement announcing the agreement.

The sale is expected to formally close sometime this fall.

DMI previously also owned Gateway International Raceway in suburban St. Louis (Madison, Ill.) and Memphis Motorsports Park (Millington, Tenn.).

Gateway closed in 2010 but reopened in 2012. Memphis closed in 2009 but reopened in 2011. And Nashville closed in 2012.

DMI also previously owned the Dover Downs harness racing facility next to DIS.

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Kyle Larson wins High Limit Sprint race at Tri-City Speedway ahead of Rico Abreu

Larson High Limit Tri-City
High Limit Sprint Car Series
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A late race caution set up a 14-lap shootout at Tri-City Speedway in Granite City, Illinois with Kyle Larson winning his second consecutive High Limit Sprint Car Series race over Rico Abreu.

Starting eight on the grid after a disappointing pole dash, Larson missed several major incidents as he worked his way to the front. On Lap 1 of 35, a five-car accident claimed Tyler Courtney and Michael “Buddy” Kofoid, who both took a tumble and before collecting three other cars. Once that red flag was lifted, it didn’t take long for drivers to get tangled again as the leader Danny Dietrich experienced engine trouble on Lap 8. When he slowed rapidly, second-place Brent Marks collided with his back tire, ending the day for both.

Larson moved up to fourth with this incident.

Another red flag on Lap 21 for a flip involving Parker Price-Miller set up the dash for the win.

“My car felt really good and then we got that red,” Larson said from victory lane. “I was kind of running through the crumbs before that in 3 and 4; I could tell the top was getting really sketchy. Parker was making mistakes up there.

“When the red came out, I could see there was a clean lane of grip – not just marbles. It’s hard to see when you’re at speed. I figured Rico was going to run the top and he did. I got to his inside a couple of times and I was like ‘please don’t go to the bottom,’ and I threw a slider on him. Then he went to the bottom and I thought I was screwed until he spun his tires really bad off the corner and I was able to hit the top okay and get another run and slide him. I got good grip off the cushion.”

The victory makes Larson the first repeat winner in the series’ five-race history. He beat Justin Sanders earlier this month at Wayne County Speedway in Orrville, Ohio.

With 10 laps remaining, Larson caught and pressured Abreu. The two threw a series of sliders at one another until Abreu bobbled on the cushion and lost momentum.

“Anytime you race Rico and he’s on the wall like that, you have to get aggressive,” Larson said. “He’s pushing so hard that just to stay in the striking zone if he makes a mistake, you have to push hard too.”

For Abreu, it was his second near-miss this season. He was leading at Lakeside in the 2023 opener until a tire went flat in the closing laps.

“I felt like I made a lot of mistakes at the end,” Abreu said. “It’s just hard to judge race pace. You’ve got Kyle behind you and [Anthony] Macri and these guys that have had speed all year long. I was racing as hard as I could and the mistake factor is more and more critical.”

Cory Eliason earned his career-best High Limit finish of third after starting deep in the field in 13th.

Macri lost one position during the race to finish fourth with Sam Hafertepe, Jr. rounding out the top five.

Visiting from the NASCAR Cup series, Ricky Stenhouse Jr. finished 19th in the 25-car field after advancing from the B-Main.

2023 High Limit Sprint Car Series

Race 1: Giovanni Scelzi wins at Lakeside Speedway
Race2: Anthony Macri wins at 34 Raceway
Race 3: Kyle Larson wins at Wayne County Speedway