Copied this from another site as was this fellas response from Shakespeare raceway
Thank you for your concern. At the time of writing the 2016 season of events and races will go ahead as planned. Only planning permission has been granted at present but do deals for the purchase of the land has been forthcoming or indeed signed as everyone seems to think. There is no time line of building work at present as there are a lot of permissions to be granted and further hoops to jump through before any building work can commence. What the land owner does with his land is his own concern and no one else's. But rest assured, the 2016 season go ahead with a possiblity for 2017 as well but its too early to confirm anything. We appreciate your concern. Hopefully we'll see you at the strip soon.
So it's not over just yet