Tuesday 9:00am ET....Today's News....On The Right Track
- ISC Formally Announces Daytona Int'l Speedway Expansion
- Naming Rights To Scotiabank Place Sold To Canadian Tire
- New Arena Lease Deal For Coyotes Being Presented Today
- WTA Launches Global "40 Love" Advertising Campaign
ISC Formally Announces Daytona Int'l Speedway Expansion
The ISC BOD on Friday approved a $375-400M renovation of Daytona Int’l Speedway, and ISC officially announced the project this morning with the tagline “Daytona Rising, Reimagining an American Icon.” Construction starts July 8, with completion targeted for Jan. 1, 2016. The facility will remain open during the two-and-a-half year project, DIS officials said. The upgrades will greatly expand the track’s grandstand along the front stretch with longer, wider concourses and concessions and dozens of escalators. ISC will fund the overhaul with cash from its ongoing operations.
The track sought close to $75M in tax breaks from the state of Florida, but legislators rejected the request last month. As a result, ISC committed to financing the entire project and modified the scope of the renovation. For more, see today’s issue of THE DAILY .
Spanning The Global....
The most-read Global stories today on SportsBusinessDaily.com:
1) BSkyB, BBC Join ITV, BT In 'Fierce' Bidding War For FA Cup TV Rights
2) Williams F1 Team Expects To Lose Up To $32M After Hybrid Supercar Project Delayed
3) Tottenham Player Gareth Bale Applies To Trademark Goal Celebration Logo
4) Indian Cricketer Shikhar Dhawan A Brand In The Making As Corporations Show Interest
5) Former Heart Of Midlothian Player Henry Smith Voices Warning Over Bidders For Club
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