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News Summary: Speedway sues over $80 million deal

The Associated Press

HOT WHEELS: The man behind one of the country's largest auto racing wants to resurrect a lawsuit claiming local officials reneged on $80 million for upgrades to the Charlotte Motor Speedway.

FUEL FOR THOUGHT: At issue is whether Burton Smith can enforce what his lawyers say was an oral agreement that ended threats to move the speedway and build a new drag strip elsewhere.

DOWN THE ROAD: If the lawsuit doesn't move forward, Speedway Motorsports could have to wait up to 40 years to be reimbursed for road and other upgrades around the track.