Iowa Speedway changes ownership - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa Speedway changes ownership

NEWTON (KWWL) -

Ownership of the Iowa Speedway track in Newton has changed hands between two longstanding eastern Iowa business owners.

Cresco based Featherlite Inc. Founder Conrad Clement and his family has purchased the race track. 

The Clement family has purchased the holding company that owns the five-year-old track, U.S. Motorsports Corporation, from the Manatt family.

The Manatts who own a Brooklyn, Iowa-based construction company have been the track's primary investors since the it was built in 2006.

This year Iowa Speedway has four major events on the schedule, including last month's Indycar race, the Iowa Corn 250, two Nascar Nationwide events and a Nascar Trucks series event on July 16.

But the goal is and will continue to be to land a Nascar Sprint Cup Race.

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