Daytona prepares for $400 million renovation

Daytona International Speedway will undergo a $400 million renovation project with the intent of modernizing the race track and redeveloping the front stretch.

One of the major changes will be the tracks fan capacity. Daytona will be reduced by almost 50 thousand seats. Every seat in the front grandstands will be replaced with wider, more comfortable seats.

The project has plans for fifty-three suites and football field-size concourses which will invoke a "neighborhood" feel. The backstretch grandstands will be torn down.

The renovation will begin after next months Sprint Cup race. The project is expected to be completed in time for the 2016 Rolex 24 and Daytona 500.