DAYTONA BEACH, Fla. -

The City Commission of Daytona Beach unanimously approved the Daytona international Speedway expansion project on Wednesday night.

The speedway expansion would double the seats at the track, as well as adding new businesses around the speedway. The city approved part of a project north of International Speedway Boulevard to include hotels, movie theaters, restaurants, shops and nightclubs in July.

“The review and unanimous approval of our Planned Master Development Application by the City Commission of Daytona Beach on Wednesday night is a major milestone in the pursuit of a potential significant redevelopment of Daytona International Speedway," said Speedway President Joie Chitwood III in a release."The Commission also approved changes to the Daytona Mixed-Use PMD for International Speedway Corporation’s property north of International Speedway Boulevard."

Speedway officials will now start to work out the project details an development.

"Both projects create the potential for a vibrant development at the gateway to our community with positive economic benefits to the region," Chitwood said. "This is an exciting time as we work to shape the vision of Daytona International Speedway for the next 50 years. A long road still remains but we are very excited for what the future holds for our race fans, our community and the ‘World Center of Racing.'"