International Speedway Corporation (ISC) is planning to break ground on a $400m redevelopment of the Daytona International Speedway motorsports facility in Florida, US, in July 2013.
After completion, the redevelopment project will feature five expanded and redesigned fan entrances and the ‘International Speedway Boulevard’.
The project will also include three different concourse levels, each featuring social neighborhoods along the nearly mile-long front stretch.
As per the plans, a total of 11 neighborhoods, each measuring the size of a football field, will be built.
Plans also include replacing every seat in the Speedway frontstretch with new seats, and more restrooms and concession stands will be built.
Upon completion of the redevelopment, Daytona International Speedway will feature around 101,000 permanent seats with an option to add 24,000 more seats in the future if required.
The redevelopment will also provide a new platform for ISC’s corporate marketing partners and the new frontstretch will feature 53 suites, which will offer views of the track.
The redevelopment project is expected to be completed in January 2016.
ISC’s board of directors has approved a five-year capital expenditure plan to be invested from 2013 to 2017, which should not exceed $600m in the period.
The plan features all the capital expenditures for ISC’s 13 major motorsports facilities, including the Daytona International Speedway redevelopment, as well as any equity commitments to undertake a proposed mixed-use entertainment-oriented destination development across from Daytona International Speedway.
The mixed-use development proposal is at the planning stage and subject to regulatory approvals.
Image: Daytona International Speedway redevelopment is expected to be completed in January 2016. Photo: Courtesy of PRNewsFoto/International Speedway Corporation.