If you’re a racing fan in Granite City, IL, you’ve likely heard of Tri City Speedway. This beloved track has been the site of countless races and championships over the years, drawing fans and drivers from all over the region. But who really controls this local landmark? In this article, we’ll dive deep into the ownership structure of Tri City Speedway, uncovering the truth about who’s in charge and what that means for the future of the track.
Despite its popularity, Tri City Speedway has been the subject of much speculation and rumor when it comes to ownership. With multiple parties claiming control over the track, it can be difficult to know who’s really calling the shots. But with careful research and analysis, we’ve been able to piece together a clear picture of the ownership structure at Tri City Speedway, and what it means for the future of this iconic racing venue.
The Battle for Ownership: Inside Tri City Speedway’s Complicated Ownership Structure
When it comes to the ownership of Tri City Speedway in Granite City, IL, things can get quite complicated. The battle for control of this beloved racing venue has been raging for years, with multiple parties vying for power and influence. So just who is in charge of Tri City Speedway, and what does the ownership structure look like? Let’s take a closer look.
The Major Players
- Jim Campbell: Campbell has been involved with Tri City Speedway for over three decades, and was the majority owner until recently.
- Kevin Gundaker: Gundaker is a former NASCAR driver and current owner of the nearby Highland Speedway. He recently purchased a stake in Tri City Speedway.
- World Wide Technology: This technology services company also owns a stake in the track, having purchased part of Campbell’s ownership interest in 2019.
While these three parties are the major players in the battle for control of Tri City Speedway, there are other stakeholders involved as well, including local government officials and various racing organizations.
The Current Ownership Structure
As of 2023, the ownership structure of Tri City Speedway is as follows:
- Jim Campbell owns 30% of the track.
- Kevin Gundaker owns 50% of the track.
- World Wide Technology owns the remaining 20%.
While this ownership structure seems relatively straightforward, the battle for control of Tri City Speedway is far from over. Rumors continue to circulate about potential buyouts and power struggles, and it remains to be seen who will ultimately emerge as the dominant force in the ownership of this iconic racing venue.
What Does This Mean for the Future of Tri City Speedway?
With so much uncertainty surrounding the ownership of Tri City Speedway, it’s difficult to predict what the future holds for this beloved racing venue. However, one thing is clear: the battle for control is unlikely to end anytime soon. Whether it’s through buyouts, power struggles, or other means, the major players in this ownership battle will continue to fight for control of Tri City Speedway for years to come.
Ultimately, the future of Tri City Speedway depends on the outcome of this ongoing ownership battle. But no matter who comes out on top, one thing is certain: the legacy of this iconic racing venue will continue to live on, providing thrills and excitement for generations of racing fans to come.
Behind the Scenes: The History of Tri City Speedway and Its Owners
Tri City Speedway in Granite City, IL, has been an iconic racing destination since 1950, attracting fans and drivers from all over the world. But the history of the track and its owners is complex and often shrouded in mystery. Let’s take a closer look at the people and events that have shaped this beloved racing institution.
The track’s first owner was a local businessman named Fred Hunter, who built the facility in 1950. Over the years, the track changed hands several times, with various owners and promoters struggling to keep the business afloat. In the early 2000s, Tri City Speedway was on the verge of closing for good when a group of investors led by Kevin Gundaker stepped in to save the track. Since then, Gundaker and his team have worked tirelessly to improve the facilities and attract top-notch racing talent to the track.
Ownership Changes and Challenges
- Fred Hunter: The track’s original owner, Fred Hunter, operated the facility until the early 1970s, when he sold it to a group of investors.
- Jim Tretter: In the 1980s, Jim Tretter became the track’s new owner and implemented several improvements, including new grandstands and a modern scoring system.
- Dave Thompson: Dave Thompson purchased the track in 1997, but struggled to make a profit and sold it just a few years later.
The Kevin Gundaker Era
Kevin Gundaker, a successful dirt track driver and local businessman, purchased Tri City Speedway in 2003 and has been the driving force behind the track’s recent success. Gundaker and his team have made significant improvements to the facility, including a new racing surface, state-of-the-art lighting, and a renovated pit area.
Under Gundaker’s leadership, Tri City Speedway has hosted some of the biggest names in racing, including NASCAR driver Kyle Larson and World of Outlaws champion Donny Schatz. The track has also become known for its innovative promotions and events, such as the popular “Summer Nationals” series.
The Future of Tri City Speedway
Despite its rich history and recent successes, Tri City Speedway faces several challenges in the years ahead. The ongoing COVID-19 pandemic has forced the track to cancel several events and limit attendance, while increased competition from other racing facilities has put pressure on the track to continue improving and innovating.
But with a dedicated owner and passionate fan base, there’s no doubt that Tri City Speedway will continue to be a beloved racing destination for years to come.
Legal Implications: Understanding the Lawsuits and Disputes Surrounding Tri City Speedway
Legal implications have been a part of Tri City Speedway’s history, with lawsuits and disputes spanning several decades. The most notable legal battle occurred in 2008, when a group of neighbors filed a lawsuit against the speedway for noise pollution and property damage. The case was settled out of court, with the speedway agreeing to implement sound barriers and limit its operating hours.
Another dispute arose in 2014, when a local environmental group filed a lawsuit against the speedway for violating state and federal regulations related to stormwater runoff. The case was settled in 2016, with the speedway agreeing to pay a fine and implement measures to reduce its environmental impact.
The lawsuits and disputes:
- Noise pollution lawsuit: In 2008, a group of neighbors filed a lawsuit against Tri City Speedway for noise pollution and property damage. The case was settled out of court, with the speedway agreeing to implement sound barriers and limit its operating hours.
- Environmental lawsuit: In 2014, a local environmental group filed a lawsuit against the speedway for violating state and federal regulations related to stormwater runoff. The case was settled in 2016, with the speedway agreeing to pay a fine and implement measures to reduce its environmental impact.
The impact on the community:
The legal battles have had a significant impact on the community surrounding Tri City Speedway. While some residents have supported the speedway and its role in the local economy, others have voiced concerns about the noise, traffic, and environmental impact of the facility. The lawsuits and disputes have highlighted the need for greater communication and collaboration between the speedway and its neighbors, as well as the importance of adhering to state and federal regulations related to noise and environmental pollution.
The Future of Tri City Speedway: How Ownership Disputes Could Affect the Track’s Future
Ownership disputes are nothing new in the world of sports and entertainment, but they can have serious consequences. The future of Tri City Speedway is uncertain due to ongoing legal battles over who has the right to operate the track. This has left fans and drivers wondering what the future holds for this iconic venue.
One of the main concerns is that if the ownership dispute is not resolved soon, the track may be forced to shut down permanently. This would be a huge loss for the racing community and the local economy. It’s also possible that new ownership could take over and bring fresh ideas and investment to the track, but this is not guaranteed.
What the Lawsuits Mean for the Track’s Future
- The legal battles over ownership have resulted in uncertainty for the future of Tri City Speedway.
- If the disputes are not resolved soon, the track could be forced to shut down permanently.
- There is a possibility that new ownership could take over, but this is not guaranteed.
The Impact on the Racing Community
Tri City Speedway has been a beloved institution for decades and has been home to many legendary races and drivers. The potential loss of this venue would be a blow to the racing community, both locally and nationally.
Many drivers have honed their skills at Tri City Speedway and consider it to be one of the best tracks in the country. Losing it would mean losing an important training ground for up-and-coming drivers and a beloved venue for fans of the sport.
- The potential loss of Tri City Speedway would be a significant blow to the racing community.
- The track has been an important training ground for up-and-coming drivers.
- Losing the venue would also mean losing an iconic location for fans of the sport.
In conclusion, the ongoing legal disputes over ownership of Tri City Speedway have serious implications for the future of the track and the racing community as a whole. While there is hope that a resolution will be reached and the track will continue to operate, the uncertainty surrounding the situation is cause for concern.
Local Impact: The Importance of Tri City Speedway to the Granite City Community
Tri City Speedway is more than just a racetrack. It’s a fixture of the Granite City community, with a history dating back over 50 years. The speedway has played a significant role in bringing the community together, providing a venue for families and friends to gather and enjoy the thrill of racing. The speedway has also been a major economic driver for the region, generating millions of dollars in revenue for local businesses.
Over the years, Tri City Speedway has hosted a variety of events, from local races to national competitions, attracting thousands of spectators from around the country. The speedway has become a source of pride for the community, with generations of families passing down their love of racing and the speedway from one to the next.
The Economic Impact of Tri City Speedway
Tri City Speedway has a significant impact on the local economy, generating millions of dollars in revenue for local businesses. Restaurants, hotels, and other local businesses see a surge in customers on race days, providing a boost to the local economy. The speedway also provides jobs for local residents, with many people working at the track on race days.
Community Involvement at Tri City Speedway
Tri City Speedway has always been about more than just racing. The speedway has a strong tradition of community involvement, sponsoring events and charities throughout the year. From fundraising for local schools to supporting local organizations, Tri City Speedway has been an active participant in the Granite City community for decades.
- One of the most significant events sponsored by Tri City Speedway is the annual Toys for Tots drive. Each year, the speedway hosts a toy drive for children in need, with thousands of toys donated by race fans and local businesses.
- The speedway also sponsors local youth sports teams, providing financial support and equipment to help kids participate in sports.
With its long history of community involvement, economic impact, and family-friendly atmosphere, Tri City Speedway has become an integral part of the Granite City community. The speedway’s future is uncertain, but its legacy is sure to endure.
What Fans Should Know: How Ownership Disputes Affect the Racing Experience at Tri City Speedway
Ownership disputes can be a major cause of concern for racing fans at Tri City Speedway. Such disputes can lead to changes in management, ownership, and even the track itself. It’s important for fans to understand how these disputes can impact their overall racing experience.
When ownership disputes arise, it’s not uncommon for races to be cancelled or postponed. In some cases, the track may even shut down temporarily. This can be frustrating for fans who have made plans to attend races, only to find out that they are no longer happening. Additionally, changes in management can lead to changes in policies, pricing, and overall race experience. It’s important for fans to stay informed about any ownership disputes and how they may affect their favorite racing venue.
Impact on Racing Schedule
- Ownership disputes can lead to race cancellations or postponements
- Changes in management can result in alterations to racing schedule
- Stay informed on any ownership disputes to avoid disappointment
Changes to Track and Policies
When ownership disputes occur, it’s not uncommon for changes to be made to the track and policies. New owners may want to make changes to improve the track or change policies to better suit their vision for the venue. This can be positive or negative for fans depending on the changes that are made. It’s important for fans to stay informed about any potential changes to the track or policies that may impact their overall racing experience.
- New ownership may make changes to improve the track
- Changes to policies can impact overall race experience
- Stay informed to be aware of any potential changes
Frequently Asked Questions
Who owns Tri City Speedway Granite City Il?
Tri City Speedway Granite City IL is currently owned by Kevin and Tammy Gundaker. The couple has been involved in racing for many years and has been the owners of the speedway since 201They have made significant upgrades and improvements to the facility and are dedicated to providing a top-notch racing experience for fans and drivers alike.
What types of events are held at Tri City Speedway?
Tri City Speedway hosts a variety of racing events throughout the season, including weekly Friday night races featuring late models, modifieds, street stocks, and factory stocks. The speedway also hosts special events throughout the year, including the popular POWRi Midget Week and the UMP DIRTcar Summer Nationals.
What is the seating capacity at Tri City Speedway?
Tri City Speedway has a seating capacity of approximately 4,000, with both grandstand and hillside seating available. The facility also offers VIP suites for a premium race viewing experience.
What food and drink options are available at Tri City Speedway?
Tri City Speedway offers a variety of food and drink options for fans, including hot dogs, hamburgers, nachos, and more. The speedway also has several beer stands and a full-service bar for those looking to enjoy a cold beverage while watching the races.
What are the rules and regulations for bringing outside food and drink into Tri City Speedway?
Tri City Speedway does not allow outside food and drink to be brought into the facility. However, the speedway offers a variety of food and drink options for fans to enjoy during the races.