Race fans can breathe a sigh of relief Friday thanks to a new public-private partnership that will take over operations at Tulsa Raceway Park.
Two local businessmen, Todd Martin and Keith Haney, have teamed up with the City of Owasso in a multi-year lease deal with the current owners.
Martin and Haney said they will be bringing in many different types of entertainment that will attract more people and benefit the local economy.
"[We] are committed to breaking boundaries when it comes to the entertainment headed to this facility," Martin said. "You can count on Tulsa Raceway Park having a new and exciting feel."
The announcement comes just a month after the former owner said it would close at the end of October amid rumors that a nearby quarry was looking to take over the land.
The track was called Tulsa International Raceway when it opened in the 1960s on the east side of Highway 169, a couple miles north of I-244.
Several different events are already scheduled for 2012. They include carnivals, mud races, monster trucks, jet cars, concerts and the legendary ThrowDown in T-Town which will remain a free ticket event for spectators.