Las Vegas Motor Speedway seeking 2nd Cup Series race

 <img alt="" src="" />      <p>The Las Vegas Convention and Visitors Authority Board of Directors is meeting next week to discuss a deal that would fund two Cup Series races at Las Vegas Motor Speedway</p> <p id="DCT9Qg">Las Vegas Motor Speedway could host a second NASCAR Cup Series race as soon as 2018 if a multi-million dollar contract is approved by the city's tourism board next week. </p> <p id="HBGVSv">The Las Vegas Convention and Visitors Authority has scheduled a <a href="">special meeting of its Board of Directors</a> on Wednesday where it will discuss whether to approve a seven-year contract with a three-year option requiring it to commit $ 1 million sponsorship fee per race, plus $ 500,000 a year to market both a spring and fall race weekend at Las Vegas Motor Speedway. </p> <p id="KEtHN8">The track has hosted an annual spring since 1998, so if the $ 2.5 million deal is approved it would signal Las Vegas Motor Speedway getting a second Cup Series race. </p> <p id="mNfpfO">Because NASCAR is locked at 36 point races plus two exhibition events through the 2020 season due to a sanctioning agreement, the track’s parent company, Speedway Motorsports Inc., would need either need to buy a date from another track or move a race from one its other venues. The company also owns Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Texas Motor Speedway, New Hampshire Motor Speedway and Sonoma Raceway. </p> <p id="YMAK7k">If the tourism board signs off on the proposed contract, the likeliest scenario is SMI shifting a race from either Charlotte or New Hampshire. Charlotte hosts three Cup events yearly, a points race in May and October and the non-points All-Star Race in May. New Hampshire hosts two points races, one in July and the other in September.</p> <p id="eUUwEs">Texas also hosts a fall premier division race. However, the track located in the Dallas-Fort Worth metroplex is undergoing a significant capital improvements, which wouldn’t have been approved if the track was losing one of its two dates.</p> <p id="gPKF0q">NASCAR has not announced its 2018 Cup Series schedule.</p> <p id="L7vMut">The prospect of a second Las Vegas race is enticing to the tourism board, as the 2016 Las Vegas Cup race drew nearly 100,000 out-of-town visitors and produced an economic impact of $ 139.2 million, according to the proposal attached to the agenda for Wednesday’s meeting.</p> <p id="opc4Aw">2014 Cup champion Kevin Harvick spoke favorably of Las Vegas Motor Speedway hosting a second race following Friday qualifying for Sunday’s race at Atlanta, though he cautioned about market oversaturation.</p> <p id="rQdISK">“I love Vegas, I think it is a great atmosphere and it would be good but sometimes you can turn one great into two mediocre,” Harvick said. “I think that is something you have to be careful of and look at and really evaluate. </p> <p id="vuWDCV">“Vegas is a great place to race and I enjoy going there. If it did wind up with a second race I would be fine with that, but I would be cautious to look at an [Auto Club Speedway]-type situation where we have the one great event there and when we had two it wasn’t so great. You just have to be careful of not doing that.” </p> – All Posts