Statement from Joie Chitwood III on the missed Economic Development and Job Creation Opportunity for the State of Florida

The following statement is from Daytona International Speedway President Joie Chitwood III:

“We are clearly disappointed by the outcome last week in the Florida Legislature.  We made a very compelling case for what could have been a successful public / private partnership with the State of Florida to create jobs and generate real economic growth.  We also had substantial local, regional and statewide support.

“However, given this setback to our project, we are forced to reassess the proposed redevelopment and closely examine a number of factors such as its timing, size and scope, before we decide on next steps.”