The following month, Memphis Motorsports Park was acquired by Dover Motorsports, Inc. in connection with its purchase of the Grand Prix Association of Long Beach. Memphis Motorsports Park closed October 30, 2009 due to lack of finances. Its parent company, Dover Motorsports, Inc. announced that it was ceasing all operations at Memphis Motorsports Park and that it would not be promoting any events in Memphis in 2010. The Memphis facility was under an agreement of sale to Gulf Coast Entertainment but Gulf Coast was unable to secure financing. The track's Camping World Truck Series date was moved to Nashville Superspeedway and its Nationwide Series date to Gateway International Raceway, and later abandoned after a year. Dover Motorsports, Inc. auctioned off the complex on December 14, 2010 to Palm Beach International Raceway for $1.9 million.