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 Commission of Daytona Beach on Wednesday night is a major milestone in the pursuit of a potential significant redevelopment of Daytona International Speedway. The Commission also approved changes to the Daytona Mixed-Use PMD for International Speedway Corporation’s property north of International Speedway Boulevard. 

Both projects create the potential for a vibrant development at the gateway to our community with positive economic benefits to the region. We extend our sincere thanks to the city of Daytona Beach for their ongoing partnership throughout this review process and look forward to working together as this project continues to evolve.

With this approval, we now can begin the work of developing the project details and evaluating numerous factors that will affect our plans. 

This is an exciting time as we work to shape the vision of Daytona International Speedway for the next 50 years. A long road still remains but we are very excited for what the future holds for our race fans, our community and the ‘World Center of Racing.’ ”