THURSDAY, Thanksgiving 2007
Concord Mayor Scott Padgett's phone rang just before 6 p.m. Wednesday.
On the other end of the line: Lowe's Motor Speedway owner Bruton Smith.
"We have an agreement," Smith said.
With that, the speedway will stay in Concord, where Smith's company will receive about $80 million in incentives in return for spending at least $100 million on renovations and upgrades.
Smith's decision caps a seven-week saga involving one of Cabarrus County's biggest taxpayers, its biggest tourist draw and a signature sports venue in the Charlotte region.
Still undisclosed, however, are exactly which incentives Smith will receive, and what he'll spend on track improvements.
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