Horry County Council began paving the way Tuesday evening for the completion of a pending sale of Myrtle Beach Speedway.
Council passed the first reading of a rezoning request that the speedway needs to complete the sale of the property to a Charlotte, North Carolina-based developer. The rezoning request will need to pass two further readings to be completed.
The developer would turn the iconic short track into a commercial and housing development if the rezoning request is approved, according to track owner Bob Lutz.
The speedway is off U.S. 501 North, a couple miles west of the Intracoastal Waterway, and has been part of the Myrtle Beach community since it opened in 1958.
The track is slightly longer than a half-mile, hosted the NASCAR Cup series in its early years and NASCAR’s secondary Busch Series (now the Xfinity Series) annually as late as 2000.