"Iowa Speedway is a great entertainment facility with a very bright future," NASCAR Vice President of Strategic Development Eric Nyquist said. "The facility has the support of the region, it's positioned well in the heart of the Midwest, and year in and year out it, it provides great short-track racing action for motorsports fans.
The 0.875-mile track near Des Moines has hosted both the NASCAR Camping World Truck and Nationwide series yearly. According to NASCAR's official announcement of the purchase, there are not plans to move a Sprint Cup Series event to the facility.
There will be three race weekends featuring NASCAR series at Iowa Speedway in 2014, beginning with the May 17 and 18 race weekend for the NASCAR K&N Pro Series East and West and the Nationwide Series.
The Camping World Truck Series will race at Iowa on July 11 as part of a companion weekend with the IndyCar Series.
On Aug. 1, the NASCAR K&N Pro Series East and West divisions will return to the track.