Officials with Penske Entertainment and the Music City Grand Prix are set to announce plans to host IndyCar’s 2024 season-finale on the streets of Nashville on a yet-to-be-unveiled course, multiple sources with direct knowledge of the series’ plans told IndyStar and The Tennessean. IndyCar will “crown a champion on historic Lower Broadway,” those sources said.

An announcement is expected to come Aug. 3 ahead of IndyCar’s third visit to Nashville’s streets. In concert with the race news, IndyCar is expected to announce plans to hold the series’ season-ending banquet days after the season-finale in Nashville. It had been held at the Indianapolis Motor Speedway Museum in recent years.

The sources spoke on the condition of anonymity because they were not authorized to discuss the plans publicly.

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The revamped street course layout is expected to use several blocks of historic Broadway Street in downtown Nashville near the Cumberland River, Country Music Hall of Fame and Bridgestone Arena, home of the NHL’s Nashville Predators. Notably, the city serves as the headquarters of Bridgestone Americas, an arm the parent company of IndyCar’s longtime tire manufacturer.

Currently, the series uses a 2.17-mile track that circles a large portion of the parking space for Nissan Stadium, the home of the Tennessee Titans, before zipping down the Korean War Veterans Memorial Bridge, touching briefly in downtown Nashville via five tight, slow corners then heading back up the other side of the bridge. The race’s start-finish line currently stands midway down the stadium’s east side, allowing the promoters to use its East Side Club as high-end hospitality space for the weekend that features addition races and concerts.

At the moment, it’s unclear where the bridge – which served as a major promotional focus and is a racing oddity – will return in this newest layout.

Talks about revitalizing the event came at a time when a new contract was needed as the original expires this year. Promoters had previously said that the race’s current spot on the IndyCar calendar in the first weekend of August helped balance and augment the city’s summer calendar that featured CMA Fest (June) and the nation’s largest fireworks show (July), while also steering clear of conflicts with the Titans.

For 2024, though, that race was going to need to be moved due to the Summer Olympics (July 26-Aug. 11, 2024) that will see IndyCar take a sizable summer break while its exclusive broadcast partner NBC will be tied up with wall-to-wall coverage from Paris.

IndyCar and race promoters also expect the current site of the paddock to be unusable for the next several years as it’s transformed into Nashville’s new state-of-the-art enclosed stadium for the Titans as part of a $2.1 billion construction project slated to begin in early-to-mid-2024 and be completed ahead of the 2027 NFL season. Promoters had previously told IndyStar to expect fewer racing series competing that weekend to accommodate smaller paddock space and the possibility of a different race course that still utilize the Bridge. It would all be done, race COO Jason Rittenberry told IndyStar last October, with the plan to “come back bigger and better for a better event for our fans.”

“We’re looking at this as a very, very long-term commitment,” Rittenberry said last year. “We’re thinking about a 20-plus-year deal.”

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In July, when asked about IndyCar’s 2024 schedule, Penske Entertainment Corp. president and CEO Mark Miles told IndyStar to expect a reinvigorated format in Nashville that would rise to the level of NASCAR’s Chicago street race and Formula 1’s soon-to-debut race on The Strip in Las Vegas. It wouldn’t, Miles said, need to return to its old paddock site around the Titans’ stadium and its current course.

“The people in Nashville think big and really like the event,” Miles told IndyStar back in July at Mid-Ohio. “The political, civic and business leadership all want to find a way to make lemonade out of lemons. What we have now is so interesting that we wouldn’t think about moving back (to the old format). We’re not going to find a place to park until we can make it back.

“I already think Nashville is a big impact, but there may be ways to amp it up further.”

This article originally appeared on Indianapolis Star: IndyCar Nashville race has Lower Broadway in circuit, 2024 season finale