Could Myrtle Beach Speedway be closing? Track addresses rumors of sale to developers
The owners of Myrtle Beach Speedway are considering sales offers to developers, according to a post on the speedway’s Facebook page.
Saying it is releasing the statement to address rumors, the post states the owners have been speaking to developers but nothing has materialized yet, and states the property would need to go through rezoning for a sale to take place.
The Facebook post said the speedway will continue to operate as it has for the foreseeable future, with racing and several other events planned.
The speedway is situated off U.S. 501 North, a couple miles west of the Intracoastal Waterway, and has been part of the Myrtle Beach community since it opened in 1958.
The Facebook post reads:
“As everyone knows, Myrtle Beach real estate market is hotter than it has ever been and the Speedway is sitting in the center of the most sought after real estate in the area. We have been approached by some developers and have engaged in conversations about possible options, but at this point it is just conversation. The property would need to go through a rezoning process that is timely and expensive.
In the meantime we will continue to operate the speedway as normal, with NASCAR Racing, MB Nationals (formally NOPI Nationals), Drifting, Concerts, Horry County Fair, Monster Trucks and various other events.”
According to Horry County land records, Myrtle Beach Speedway is 45.5 acres and the county lists its taxable value at $2.17 million. It was purchased in 2012 by Shark Investments LLC, which is headed by NASCAR Experience founder Bob Lutz, for $2.5 million.
Neither Lutz nor speedway general manager Steve Zacharias could be reached for comment early Monday evening.
This story was originally published February 18, 2020 at 6:35 PM.
