Complex sentence: The old circuit was demolished in 2008 but a new circuit was built on the other side of the road in time to be inaugurated in 2009, which would operate without a permanent license but nevertheless expanded in 2011.
Split into simpler sentences: The old circuit was demolished in 2008 but a new circuit was built on the other side of the road in time to be inaugurated in 2009. The circuit would operate without a permanent license but nevertheless expanded in 2011.