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Sports Authority approves 2027 budget, extends Fort Worth Motor Speedway lease 10 years

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This report was published by Fort Worth Report and credits By Patrick Banis as the author.

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The story is categorized as Business in the Newswire metadata.

Oct 10, 2026 · 7:15 PM · By Patrick Banis

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Publisher: Fort Worth Report
Topic: Business
Location: Fort Worth, Texas, US
Published: Oct 10, 2026 · 7:15 PM

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Sports Authority approves 2027 budget, extends Fort Worth Motor Speedway lease 10 years

The Fort Worth Sports Authority approved its 2027 budget at an Aug. 11 meeting.

Members noted that the city collected $579,000 in gas lease royalties, including those from Texas Motor Speedway in north Fort Worth.

A 2008 settlement governs how that money is spent. The authority must put 75% toward improvements at or around Texas Motor Speedway. The remaining 25% goes to the city’s general fund.

For more on the city’s gas-related revenue policy, click here.

The Fort Worth Report Documenters program empowers people like you to help fill the gaps in reporting on Tarrant County public meetings. Find out how you can join here.

Michael Crum, Fort Worth’s deputy director of special projects, noted that leasing income for fiscal 2026 was $100,000 and that investment income generated $120,000 annually.

“We made some changes a couple of years ago where we have the vast majority of the sports authority’s cash in either the money market or a certificate of deposit,” Crum said.

Investment income was lower than what was proposed last year. The authority’s proposed 2026 budget expected $186,132 in investment income.

The sports authority also elected officers:

Chris Jamieson as the chair
Michael Crain as vice chair
Neil Barrow as secretary of the treasury
Bob Jameson as assistant secretary of the treasury

On Aug. 31, sports authority members approved an extension of the lease agreement with Texas Motor Speedway through 2036.

The authority also passed an agreed sublease between the speedway and Taylor & Martin LLC, an auction house focused on the transportation industry, for the limited use of the speedway for trailer storage and sales purposes.

Fort Worth Sports Authority Meeting

Documenter: Patrick Banis

Dates: Aug. 11 and Aug. 31, 2026

Learn more about these meetings by clicking here. For the Aug. 11 agenda, click here. For the Aug. 31 agenda, click here.

Patrick Banis is a member of the Fort Worth Report Documenters crew. If you believe anything in this account is inaccurate, please email us at [email protected] with “Correction Request” in the subject line.

Article at a Glance

Publisher: Fort Worth Report
Author: By Patrick Banis
Primary topic: Business
Coverage: Fort Worth, Texas, US
Published: Oct 10, 2026 · 7:15 PM

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This report is associated with Fort Worth, Texas, US based on the location metadata supplied with the story or publisher profile.

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Primary topic: Business

Related topics: Business, Fort Worth, Texas

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Who published this report?

This report was published by Fort Worth Report and credits By Patrick Banis as the author.

What is the primary topic?

The story is categorized as Business in the Newswire metadata.

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