Myrtle Beach Speedway is fielding offers from land redevelopers

The owners of Myrtle Beach Speedway in South Carolina have considered selling its property to land redevelopers according to a post of the track’s official Facebook page.

A potential deal was rumored throughout the NASCAR garage during Daytona Speedweeks and the track released the statement in response. The statement insisted no deal was imminent and the property would need to go through a rezoning process for a sale to reach a conclusion.

As it stands, a partial 2020 schedule has been released on Facebook that takes the track through June.

However, the track’s website still shows a full slate of events.

As everyone knows, Myrtle Beach real estate market is hotter than it has ever been and the Speedway is sitting in the center of the most sought after real estate in the area. We have been approached by some developers and have engaged in conversations about possible options, but at this point it is just conversation. The property would need to go through a rezoning process that is timely and expensive. In the meantime we will continue to operate the speedway as normal, with NASCAR Racing, MB Nationals (formally NOPI), Drifting, Concerts, Horry County Fair, Monster Trucks and various other events.

The roughly 50-acre property is currently owned by Shark Investments LLC, headed by NASCAR Experience founder Bob Lutz, with the track serving as a frequent location for the ride-along and driving school program.

The last NASCAR national touring event to take place at the 0.538-mile short track along the Grand Strand was the Xfinity Series in 2000. The track is currently headlined by the weekly Division I NASCAR Late Model Stock Cars. The NASCAR Whelen Modified Tour recently contested a string of races at the track from 2016-2019.

Its marquee event is the Myrtle Beach 400, which was previously scheduled for November.

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