The Metro Fair Board picked Tony Formosa as the new racing promoter at the state fairgrounds speedway.
The news comes after some apparent problems with the current promoter, former NASCAR driver Bobby Hamilton Jr.
Hamilton canceled the final race this season at the speedway in October. Officials said he owes the board thousands of dollars.
"I think we made a mistake last year," said Ned Horton, with the Metro Fair Board.
Three different racing promoters discussed leasing the track next year, including former NASCAR star and Columbia-native Sterling Marlin.
Formosa, a former racetrack promoter, guaranteed $53,000 for seven races.
"I guarantee you I'll pay you. I'll pay my bills and I'll work as hard as hard as I can possibly work," Formosa said.
Formosa also promised to pour his heart and soul into making the speedway a success.
"I guess it's a good example of what love, dedication and hard work can do. My father said if you throw your shovel down early you'll never hit anything," he said.
So next year, there will be seven night races at the speedway, including one during the State Fair.
Leaders are also continuing to work on the noise reduction issue that has been a major complaint of the nearby neighbors.
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