In November 1996, the track was purchased by Don Panoz, who would make Braselton the base of operations for his motorsports-related ventures. Panoz introduced the first major changes to the track, removing the Dip and creating a chicane at the end of the long back straight. These changes brought the track up to FIA standards, so that international events could be held. A new pit and paddock area was also constructed on the infield side of the track, allowing for larger events, and a 10,000-seat terrace area was constructed around the new Turn 10 complex.