NEWTON, Iowa (AP) — NASCAR is buying the Iowa Speedway in a move it says solidifies the future of one of the Midwest’s premier racing facilities. NASCAR announced the purchase Wednesday of the 0.875-mile tri-oval track in Newton. A purchase price wasn’t disclosed.

There has been talk of the Iowa Speedway hosting a NASCAR Sprint Cup Series race, but the organization says there are no plans to bring the Sprint Cup Series to Iowa in the immediate future. The Iowa Speedway, located 30 miles east of Des Moines, was designed by former NASCAR champion Rusty Wallace. It opened in 2006.