Dover Motorsports, Inc Reports Closing on Nashville Property
27 Maggio 2021 - 10:15PM
Business Wire
Dover Motorsports, Inc. (NYSE: DVD) reports that on May 26,
2021, we closed on the sale of approximately 350 acres of property
near our Nashville Superspeedway pursuant to an agreement with an
entity owned by Panattoni Development Company. Proceeds from the
sale, less closing costs, were approximately $14.35 million. The
purchaser had previously paid to us a $500,000 deposit that was
credited to the purchase price. Net proceeds after taxes are
estimated to be approximately $12 million. None of the acreage sold
extends to the land on which our superspeedway is sited and the
Company continues to hold approximately 650 acres of commercial
real estate, including the superspeedway.
Dover Motorsports, Inc. is a promoter of NASCAR sanctioned
motorsports events in the United States whose subsidiaries own and
operate Dover International Speedway in Dover, Delaware and
Nashville Superspeedway near Nashville, Tennessee. For further
information, log on to dovermotorsports.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210527005851/en/
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