Iowa Speedway to be sold - KWWL - Eastern Iowa Breaking News, Weather, Closings

Iowa Speedway to be sold

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NEWTON (KWWL) -

There are multiple reports that the Iowa Speedway in Newton will soon have new owners.

US Motor Sport Corporation will sell the track and its properties to an undisclosed buyer. The new company is identified in documents provided to city council members only as Iowa Speedway LLC.

The Newton City Council will vote to approve terms of the change at a special meeting Tuesday at noon. The speedway has struggled financially at times to pay vendors and secure financing for expansion.

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