It is currently owned by Speedway Motorsports, LLC (SMI) since 2021 and led by track general manager Matt Greci.

State Route 452 was built as part of a project by the Tennessee Department of Transportation in 2000 in order to accommodate traffic for the track.

In November 1997, initial plans for a $25–30 million, 50,000-seat track to be built in the Nashville metropolitan area were made in a joint announcement between Dover Downs Entertainment (last known as Dover Motorsports) and Gaylord Entertainment (now known as Ryman Hospitality Properties), with hopes of the track hosting Winston Cup races.

[17] Three days later, The Daily News Journal reported that McGlynn had narrowed down options to four sites, likely in Rutherford or Wilson County.

[19] However, the News Journal reported that a 1,600-acre (650 ha) plot of land owned by Harding University in northern Rutherford County was under consideration, along with a second undisclosed site.

[22] To further compound issues, many local residents voiced concerns about traffic and noise,[23][24] with guarantees of a Winston Cup date still being thought of as a longshot.

[25] In August, Dover Downs Entertainment expanded its plans for Nashville Superspeedway, increasing the budget to $125 million and aiming to buy 2,600–2,700 acres to build an industrial park.

[36][37] This raised concerns over the future of Nashville Fairgrounds Speedway, valued as a historic site despite aging facilities.

[46] In July, Gaylord Entertainment backed out of the partnership, but Dover Downs insisted that it would not affect the construction of the track;[47] a groundbreaking date was later announced on August 12, to take place on the 26th of the same month.

[50] However, just before the groundbreaking ceremony, CRASH accused Dover Downs and Wilson County of "fail[ing] to follow its ordinances" and a lack of notice of intent to rezone, adding to their lawsuit.

[56] That same month, in an abrupt transition, the track switched general managers; Cliff Hawks, the executive director of the Fairgrounds, replaced Joe Ernest.

[62] The next month, although NASCAR stated they had no plans to hold a Cup Series race at the track,[63] the National Hot Rod Association (NHRA) announced hopes to host events at the complex in 2002.

[68] The first test runs took place in early March,[69] drawing positive reviews from testers Tim Steele and Shawna Robinson.

[71] However, by this point, most development planned for the project hadn't started, putting the hopes of the track holding major events and economic growth for Wilson County businesses under doubt.

The track had a recorded $21 million in bond debt from a 1999 bond deal to extend sewer and water lines,[89] lackluster attendance was prevalent, and the addition of Kentucky Speedway to the Cup Series schedule in 2011 essentially killed any hopes of the track winning rights to a Cup Series weekend; the very goal that Dover Entertainment set.

[94] In March 2014, Dover Motorsports representative Gary Camp stated that the only activities occurring at the facility was for testing.

[96] According to journalist Larry Woody, speculation arose that the CEO of the company, Robert Sexton, had hopes of continuing original plans for the complex or to turn the track into a testing facility.

[97] In an interview with The Tennessean, Sexton stated that he wanted to make the facility run year-round, hosting both motorsports and technology-based events.

[100] By the end of May, The Tennessean reported that the deadline had been extended a total of seven times,[101] leading to increasing doubt on whether the facility would be renovated.

[104] On August 25, 2016, Dover Motorsports announced the sale of the property to Panattoni, a California-based development company for $44.7 million.

[107][108] In March, a parcel spanning approximately 147 acres was finalized for a price of $5.1 million, with hopes to build an industrial park.

[112] In December 2019, Woody reported that Speedway Motorsports, LLC (SMI) CEO Marcus Smith initially displayed interest of buying the track, but instead decided to pursue the Fairgrounds.

However, due to simpler approval processes to resume racing at the Nashville Superspeedway, Dover Motorsports opted to choose it over the Fairgrounds.

[123] The next year, on November 15, Moses stepped down from his position as general manager to become the CEO of the Fiesta Bowl.