VOLUSIA COUNTY, Fla. - Volusia County leaders are making a major investment in the One Daytona project, across the street from Daytona International Speedway.
On Thursday the Volusia County Council approved giving $20 million to the project's developers.
It's a big day because International Speedway Corporation has been waiting years to build One Daytona.
The company and NASCAR built its corporate headquarters in Daytona Beach but never developed around it and now that's about to change.
More than $40 million in taxpayer dollars will go toward the project.
"I think it's amazing. (It) gives you something to do, especially in the evenings and away from the track. But not having to leave -- it would be fabulous," said Daytona Beach visitor Doug Beglaw.
Many of the visitors Channel 9's Blaine Tolison spoke with on Thursday said they were excited to see renderings of shops, restaurants, a hotel and a theater.
To make the project a reality the group behind One Daytona wanted public funds to pay for things like new roads, sidewalks, and parking lots.
Race fans said it is money well spent to make their vacations at the track more convenient.
"What I liked about the area here was they catered to the tourists. They do things for people that made it very convenient to come in and out," said visitor Paul Cerutti.
Owners say One Daytona is expected to create 3,100 jobs during construction and another 1,200 permanent jobs.
Race fans said it is also going to keep them coming back.
"I think as a fan you come for three or four days and a serious fan will come for all of the races, not just for the big race on Sundays," said Beglaw.
The developers of One Daytona haven't announced an official groundbreaking, but construction could start this summer and One Daytona could open in 2016.