$300M worth Dale Earnhardt Jr.’s stepmother Teresa plans to convert her 399 acres land into industrial park- Reports

Dale Earnhardt Jr.'s stepmother Teresa Earnhardt has recently dropped her plans to rezone her North Carolina property into an industrial park. She is the widow of Dale Earnhardt Sr., who was known as the 'intimidator' by the racing aficionados back in the day.

According to Teresa Earnhardt's rezoning application, the plan is to transform 399 acres of the land she owns in east Mooresville into Mooresville Technology Park, which will stand between Patterson Farm Road and Rustic Road near Cabarrus County.

Renowned journalist Adam Stern confirmed the news through a recent post on X (formerly Twitter) which stated:

"Teresa Earnhardt, widow of the late NASCAR legend Dale Earnhardt, plans to transform 399 of her rural acres in east Mooresville [N.C.] into an industrial park, according to her rezoning application for the vast former farmland property."

The property is currently owned by Earnhardt Farms LLC, with Teresa Earnhardt as its only managing member. The 399-acre property is situated just 2.5 miles away from Dale Earnhardt Inc., now a museum and event venue.

Teresa Earnhardt is expected to make a formal request to the Mooresville Planning Board for the approval of her rezoning application. A meeting with the board members has been scheduled for October 22.

Dale Earnhardt Jr., who is worth $300 million (as per Celebrity Net Worth), has not made any comments regarding the same. The 50-year-old Hall of Famer is expected to join TNT Sports and Amazon Prime as a NASCAR analyst in 2025.

"We'll make another Dale Jr."- Teresa Earnhardt on Dale Earnhardt Jr. leaving Dale Earnhardt Inc.

Dale Earnhardt Jr. and Teresa Earnhardt have been in a conflict regarding the ownership stakes at Dale Earnhardt Inc. (DEI) for decades now. In an episode of the 50-year-old's NASCAR podcast, DEI’s former Executive Vice President of Motorsports, Ty Norris, revealed the rift between him and his stepmother.

Following Dale Earnhardt's death in 2001, Teresa Earnhardt took over the ownership of Dale Earnhardt Inc. However, nobody knew the direction that she wanted the race-winning organization to go following the legend's untimely demise.

"She was behind the curtain and quiet," said Dale Earnhardt Jr.

The situation worsened when Dale Earnhardt Jr. and his then-DEI teammate Michael Waltrip decided to pay Teresa a visit after not being paid for over three months. Norris was responsible for signing all paychecks at DEI, except for the ones that paid the drivers, which Teresa used to sign.

Norris recalled,

"She walks in and Junior is so mad, he starts yelling at her. 'Been waiting down here for three damn hours.' And he just starts jumping her case, and he’s like, 'Y’all haven’t paid me, you breached my contract.' And that’s how the conversation started. And I was like 'Oh, shit.'"

Dale Earnhardt Jr. didn't drive for DEI after that. However, Teresa wasn't shaken by it at all. Norris quoted her saying,

"If Dale Jr. doesn’t want to stick around here we’ll make another Dale Jr."

Nevertheless, Dale Earnhardt Jr. acquired the rights and trademark of his iconic No. 8 font. He intends to use the number in the zMAX CARS Tour, which he owns. However, he will need his sister Kelley Earnhardt Miller and the other owners at JR Motorsports to agree to that.