LINKEDINCOMMENTMORE

CHARLOTTE, N.C. -- The NASCAR Hall of Fame is already facing money troubles four months after opening.

The 150,000-square-foot Hall of Fame was built without knowing exactly where the money would come from to pay for it.

That translates into about $21 million in bank loans that have to be paid back and $5 million owed to the city of Charlotte.

The debt to the city is supposed to paid back $1 million a year for five years, but there's only a small pool of money to spread across the city, bank loans, a marketing company and NASCAR. So, the city may be waiting for its cash.

The Hall of Fame's executive director points to the economy making it tough to get more sponsors, but he says he's optimistic about paying everyone back.

I'm very conscious of the economy but also confident in the product. We'll be able to pay the city back, said Winston Kelley.

Kelley said the Hall of Fame has obtained three sponsorships in the last few months, and that's a good sign.

Read or Share this story: http://www.wcnc.com/story/news/local/2014/06/20/11197557/