LOUISVILLE, Ky. (WDRB) -- A big announcement Friday is paving the way for the Derby City Nationals to stay in Louisville for the next 10 years.

The new BMX track at Tom Sawyer Park underwent a major renovation, its first since the 1980s.

"They challenged USA BMX, they challenged our sport, to say, 'we want to be relevant, and we want to have one of the best BMX facilities in the world,'" said John David, COO of USA BMX.

The 10 more years of Derby City Nationals means an economic boost of $27 million for the city of Louisville.

"But just as important, sports like BMX provide opportunities for youth and adults to maintain active lifestyles," said Karl Schmitt, president and CEO of the Louisville Sports Commission.

More than 1,000 riders are racing this weekend, including athletes that just competed at the Summer Olympics in Rio de Janeiro. With the new track, everyone is handling their nerves differently.

"I'm nervous right now," said Max Wood, a rider from Tennessee. "I always get nervous."

Hill after hill and flying high in the sky, one BMX dad whose kids are all under the age of 10 says it's no longer nerve-wracking seeing his little ones out there.

"They all started riding bikes without training wheels at 2, so you have a little bit of time to get over it," Scott McGuigan said.

If you want to catch some of the BMX action here at Tom Sawyer Park, the racing goes until Sunday.

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