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Court of Appeals affirms dismissal of Speedway Motorsports economic incentives suit against Cabarrus County

October 01, 2013

Dan Bishop and Matt Holtgrewe joined County Attorney Rich Koch in representing Cabarrus County.

Speedway Motorsports, Inc. and its subsidiary, Charlotte Motor Speedway, LLC, sued Cabarrus County alleging breach of an economic incentives contract.  The NC Court of Appeals affirmed the trial court's grant of the County's motion to dismiss on the ground that no incentives contract resulted from the preliminary negotiations alleged by the Plaintiffs.