Dover Motorsports Inc. is ceasing operations at Memphis Motorsports Park after a deal to sell the track to another investor fell through.

The 0.75-mile track has hosted a NASCAR Nationwide and Truck Series event for the last decade. The Truck Series event will move to Nashville Superspeedway next April and the Nationwide Series event will move to Gateway International Raceway next October.

Dover had agreed to sell the track to Gulf Coast Entertainment, but the company was unable to secure financing to complete the purchase.

Dover Motorsports president Denis McGlynn called the decision to cease operations at the track difficult. Refunds to ticket holders for the 2010 events will be mailed out soon.