The Newton Daily News has also indicated that there will be an event at the Iowa State Capitol on Dec. 12 that may pertain to the track. Announcement of the new ownership is expected prior to this event.
The Iowa Senate approved $8 million in May for the Iowa Speedway, but it was denied in the Iowa House. Sen. Amy Sinclair and Rep. Greg Heartsill both opposed the funding.
Upon hearing the announcement of the Senate's actions, Knoxville Raceway General Manager Brian Stickel said he wished the Iowa Speedway luck in bringing in the top racing circuit in the country, the NASCAR Cup Series, to Newton, but Stickel felt additional funding to Newton's race track would be unfair to other venues in the state.
Stickel was unavailable for comment regarding the sale of the track at the time of this post.
The Marion County Fair Board election is scheduled for Monday night, Dec. 2. Look for coverage of the election, and the latest on the sale of the Iowa Speedway and its possible impact on Knoxville Raceway, in the Dec. 6 print edition.