NASCAR representatives will introduce the next Iowa Speedway President to the media on Thursday during a presentation where it plans to outline additional details on the sanctioning body's recent purchase of the Newton racetrack and plans for the future.
Eric Nyquist, NASCAR vice president, strategic development, will attend the media event set for noon Thursday at the Iowa Events Center in Des Moines where the introduction will be made.
Newton Mayor Mike Hansen and Jay Byers, CEO of the Greater Des Moines Partnership, will also be on hand to speak about the impacts of NASCAR's purchase of Iowa Speedway on the central Iowa region. Additional dignitaries are expected to participate.
On the day before Thanksgiving, NASCAR announced that it had purchased Iowa Speedway from the Clement family.
"Iowa Speedway is a great entertainment facility with a very bright future," Nyquist said at the time of the purchase.
Land records indicate NASCAR paid $10 million for the Newton track. The Clement family purchased the majority interest in the facility from the Manatt family in 2011 for just more than $19 million.