The following statement can be attributed to Daytona International Speedway President Joie Chitwood III:

“The review and unanimous approval of our Planned Master Development (PMD) Application by the City of Daytona Beach Planning Board on Thursday night is a key first step in the pursuit of a potential significant redevelopment of Daytona International Speedway.  This, coupled with the recent Planning Board approval of the Daytona Mixed Use PMD for our property north of International Speedway Boulevard, creates the potential for a vibrant development at the gateway to our community.  We extend our sincere thanks to the city of Daytona Beach for their ongoing partnership throughout this review process.

“This is an exciting time as we work to shape the vision of Daytona International Speedway for the next 50 years.  We look forward to the next step in this process, which involves going before the City Commission of Daytona Beach in the fall.  There’s still a long road ahead of us but we are very excited for what the future holds for our race fans, our local community and the ‘World Center of Racing.’ ”