Stormin' the Big Apple
NASCAR, Trump to combine on New York-area speedway
Posted: Friday March 12, 1999 01:28 PM
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Sketchy sketch: The track specifications and layout have not been finalized. AP |
NEW YORK (Ticker) -- International Speedway Corporation (ISC) announced an
agreement Friday with The Trump Organization, owned by real estate
magnate Donald Trump, to develop a major motorsports facility in the New York metropolitan area.
It will likely bring NASCAR to a yet to be determined site in
New York, New Jersey or Connecticut. Though the facility will
bear Trump's name as The Trump Superspeedway, NYISC -- the New York subsidiary of the ISC (NYISC)
-- will retain naming rights.
Terms of the deal, announced at Trump Tower in Manhattan, were
not disclosed.
"We look forward to the opportunity to bring the excitement and
entertainment of premier motorsports racing to the area," said
ISC chairman and chief executive officer Bill France, who is
also the president of NASCAR.
"It is a great honor to be involved with NYISC in developing one
of the greatest speedways anywhere in the world," Trump said.
"When completed, this facility will be unparalleled in the
motorsports industry."
Track specifications and configurations are still under
consideration, but the plans call for a state-of-the-art
facility to reflect the nation's largest media market.
ISC is based in Daytona Beach, Florida, and is a leading
promoter of American motorsports, covering over 80 events
annually. The company owns and operates the Daytona
International Speedway -- home of the Daytona 500 -- Talladega
Superspeedway in Alabama, Phoenix International Speedway in
Arizona, Darlington Raceway in South Carolina and Watkins Glenn
International in upstate New York.
The Trump Organization holds interests in real estate, gaming,
sports and entertainment, including the world-famous Fifth
Avenue skyscraper, Trump Tower, the Empire State Building, the
General Motors Building and many other prominent structures in
New York.
Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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