DAYTONA BEACH, Fla. – Daytona Beach officials have approved an application filed by Daytona Int’l Speedway for potential redevelopment of the historic racing facility.
“The review and unanimous approval of our Planned Master Development (PMD) Application by the City Commission of Daytona Beach on Wednesday night is a major milestone in the pursuit of a potential significant redevelopment of Daytona Int’l Speedway,” said Daytona Int’l Speedway President Joie Chitwood III. “The Commission also approved changes to the Daytona Mixed-Use PMD for Int’l Speedway Corporation’s property north of International Speedway Boulevard.
“Both projects create the potential for a vibrant development at the gateway to our community with positive economic benefits to the region. We extend our sincere thanks to the city of Daytona Beach for their ongoing partnership throughout this review process and look forward to working together as this project continues to evolve.”
With the approval, DIS officials can now begin work on the development of project details and the evaluation of several factors that will affect redevelopment plans.
“This is an exciting time as we work to shape the vision of Daytona Int’l Speedway for the next 50 years. A long road still remains but we are very excited for what the future holds for our race fans, our community and the ‘World Center of Racing,'” Chitwood said.