Music industry pros to pay $30K to sponsor fairgrounds racetrack

Thursday, June 30, 2011 at 11:26am

Two companies that are new sponsors of the Nashville Fairgrounds Speedway have agreed to pay $30,000 over the next two years, Tennessee State Fair Executive Director Buck Dozier told The City Paper earlier this week.

A news conference last Friday revealed Curb Sports Inc., founded by music industry giant Mike Curb, and Big Machine Records, led by businessman Scott Borchetta, have stepped up as sponsors for the speedway.

But Bobby Hamilton Jr., who along with partner Chad Chaffin has a two-year lease to operate races at the track, had declined to say how much the two sponsors would be paying for the two-year sponsorship. 

Of the $30,000 payment, Metro will take in $1,500 each year, according to Dozier.

Part of the sponsorships is a new logo that reads “Nashville Fairgrounds Speedway, sponsored by Curb Sports Inc. and BigMachineRecords.com.”

The logo is to greet fairgrounds visitors as they enter at Wedgewood Avenue and Nolensville Pike. It will also be posted on the walls of the track and the backside of the scoreboard speedway. There could also be future music promotions.

Dozier also said he understands that Hamilton and Chaffin have had some “differences” and only Hamilton would continue as a lessee of the speedway. He said it wouldn’t change anything contractually with the fair board. 

But contacted by The City Paper, Hamilton said Chaffin is simply taking some time off to tend to other businesses. Hamilton and Chaffin are both NASCAR drivers.

“Right now, everything is normal,” Hamilton said. “He’s day-to-day because he has several businesses. For instance, he has a business in Georgia. He has a business in Nashville. He’s back and forth. He’s still a part of this, as he was.”

Chaffin did not return a voicemail left by The City Paper.

15 Comments on this post:

By: BigPapa on 6/30/11 at 1:54

Wow that is a piddly amount of money. I think that's proof that the track isnt what the supporters say it is.

By: bfra on 6/30/11 at 2:53

BigPapa - Why don't you match that piddly amount instead of bashing something, you obviously know Nothing about!

By: Dr Danny on 7/1/11 at 7:12

One thousand 500 dollars a year. I am glad that I was sitting down when I read that. That is some "Grown Man Cheese" for sure. If that was not sad it would be funny. How can anyone with a straight face and not on crack, think that the Fairgrounds in its current configuration, serves the best interests of Nashville.

By: macjedi on 7/1/11 at 9:03

Great. More effort to prop up the blight. Why, Curb? WHY?

By: BigPapa on 7/1/11 at 9:59

$1500 wow.. I actually COULD put up that big huge wad of cash. Seriously that is just terrible.

By: orangey on 7/1/11 at 10:36

I own a small rental house located a few blocks from the blighted fairgrounds racetrack. My property taxes are $1500/year. Which only goes to show that the neighbors need more input and consideration in the fairground redevelopment.

By: bfra on 7/1/11 at 3:53

By: BigPapa on 7/1/11 at 9:59

$1500 wow.. I actually COULD put up that big huge wad of cash. Seriously that is just terrible.
==================================================
Since you are volunteering, please post a copy of your receipt, so we will know you are not just all blow & no show!

By: racer84 on 7/1/11 at 4:30

I find it laughable that those who want to come acorss as "intelligent" by making the sponsorship sound small.

I guess ya'll don't realize that 1500 payment is about 7,001,500 more than the Preds pay back directly to Metro...

No other Metro entity, parks, golf courses, sailboat marina etc actually turn a profit at all. Out of all the different enterprises metro tax dollars go towards the Fairgrounds is the ONLY one that makes money....While creating a 50-60 Million Dollar a year economic impact.

Look it up, its true.

Now...how much more is that payment that the sounds new "study". Ask how much the Sounds have paid in (can't count lobbyist dollars paid to deans campaign) to Metro the last 10 years. It doesn't add up to as much as 1500.

By: fair_minded on 7/2/11 at 12:57

Some folks here seem to be misunderstanding what's being said here.

The $1500 is basically what the fair board will get for the *signs* with the sponsor's name on them (which the sponsors are paying for!).

For the use of the track itself, Hamilton is paying something along the lines of $8500 per day.

Actually the Fair Board is doing good to get *anything* out of the deal, since they have leased out the racing operations. Seems like the leaseholder should be able to sign up sponsors without having to share anything with the Fair Board beyond what he's already paying.

At $8500 per day, just think what type of income the Fair Board could get if they allowed a full season of racing!!

By: wataboutbob on 7/2/11 at 8:32

Why should the city be getting anything in addition to the lease amount of $8500 per race? Nashville is all about entertainment and tourism and that will be bolstered by an active Fairgrounds.
I'll be there tonight with a group of friends to enjoy the race and fireworks and show our support. We're all from the Springfield/White House area and won't be able to vote on the referendum but its outcome is very important to us and the rest of middle Tennessee and even some surrounding states from which the drivers and fans are making the drive.

By: yucchhii on 7/2/11 at 10:59

yucchhii To Big papa: Would you RATHER pay MORE $$$? Who cares? It's getting a BIG deal and why are you BLOWING YOUR NOSE AT IT? I have seen MORE people in support of the track than NON supporters. So the people who support it are getting a deal. The sponsors I'm sure will probably do the appropriate repairs and build it up some to make it right!

By: bfra on 7/2/11 at 12:28

wataboutbob - Thanks for the support! These crybabies, about people not from Davidson Co. having anything to say about the Fairgrounds, are just narrow-minded, don't know what they are talking about, nitwits. People from other Counties & States attend events at the Fairgrounds, guess the nitwits think those people don't spend money. It really is amazing how uninformed people are about what goes on around them.

By: pswindle on 7/3/11 at 12:03

Metro needs to invest in the Fairgrounds and make it a top notch event. It could bring in visitors from all around. It could be made in a money making project for Davidson Co. and TN. The Flea market is a great product that Nashville has to offer. Why tear it down, just make it better?

By: wataboutbob on 7/3/11 at 12:31

Attended last night's event with friends and my 7-year old grandson . . . his very first stock car race. Brought back memories of when I took his mom there when she was young, about 20 years ago. Was surprised on how many kids and teens there were. Sure beats hanging out at the mall or in front of their gameboy (do they still use them?).
The promoters still have work to do to bring it back to a premier event but they've come a long way. Was really surprised how much noise was reduced by the mufflered cars. Can't wait until the next race July 30.

By: macjedi on 7/20/11 at 2:39

Amending the founding documents of this city for just one site's protection is the wrong choice! http://www.facebook.com/pages/Dont-Save-The-Fairgrounds/167199610019945