NeXovation principals and executives of Dover Motorsports last week amended — for the seventh time — their agreement to have locally based NeXovation buy the Nashville Superspeedway. The parties now expect to close on the deal by July 27, and NeXovation has paid Dover $400,000 (to go with the $2.5 million it has already handed over) and agreed to replenish its escrow account to the tune of $1.5 million by Monday.
The Tennessee Department of Environment and Conservation has set aside almost $700,000 to be used as incentives for consumers to buy or lease electric or hybrid cars. Starting in mid-June, dealerships can submit papers on behalf of buyers of 12 electric car models, which will be eligible for a $2,500 rebate, and 10 hybrid models, which have a $1,500 rebate attached to them. Check out the details here.
First Acceptance is on a bit of a roll lately. Shares of the Green Hills-based auto insurer (Ticker: FAC) are up more than 30 percent since the end of March, and the company last month said it planned to buy more than 80 stores from Nationwide for more than $34 million. On Monday, the company said it has opened its fourth store in the Memphis area. The new location is the fifth since late last year.
Nissan executives have expanded their recalls of cars that feature airbags made by supplier Takata. The latest notice covers more than 1.5 million vehicles built last decade, with about a fifth of them in North America. Read about the details (and rival Toyota's similar problems) here.
The development team behind the Bridgestone Americas skyscraper now under construction in SoBro has an updated informational packet that shows an image of the tower's base. The rendering shows the northwest corner of the building at street level (at the intersection of the southeast corner of Demonbreun Street and Fourth Avenue South) and with notable pedestrian space. Read more about the project here.
(Image courtesy of Highwoods and Perkins + Will)
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