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Posted October 02. 2013 1:07PM

NHMS owner loses $80M suit over tax breaks

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NASCAR drivers line up on the track before taking practice runs at New Hampshire Motor Speedway in Loudon. 

RALEIGH, N.C. (AP) — One of the country's largest auto racing track operators can't claim local officials reneged on an offer of $80 million in tax breaks because there was never a binding contract for the money in exchange for building a new drag strip and making upgrades at the Charlotte Motor Speedway, a court ruled Tuesday.