In January 2015, after months of rumours and speculation, Barrie Speedway was sold to Contrans Group Inc, which would seal the fate of the racetrack. Demolition of Barrie Speedway began in late 2015; very little remained of the racetrack as of spring 2016.
In 2011, APEX Motorsports purchased the venue with the intentions of reviving its potential. In 2014, Contrans Group Inc., whose CEO is a major shareholder of an entertainment company by the name of Republic Live, had purchased a property (Burl's Creek Event Grounds) adjacent to Barrie Speedway.