Who Owns Indianapolis Motor Speedway? [Fact Checked!]

Folks from all over the world flock to Indianapolis to attend the Indy 500 each May. It’s a mecca for car fans! The Indianapolis Motor Speedway is most famous as the venue for the annual Indy 500 car race that takes place each May, just before the Memorial Day holiday. While most people know about the track and its attractions, not a lot of them know who actually owns the property. The following facts about the Indianapolis Motor Speedway will interest you.

The History Of The Track

In 1909, a visionary by the name of Carl Fisher decided to build a bigger and better racetrack. He purchased approximately 500 acres of land for $100,000, and the first tracks were constructed. The original track layout consisted of only two turns and had a length of just under a mile. Back in those days, auto racing was considered a sport rather than an entertainment industry, and the cars themselves were considered works of art rather than mere cars. The construction of the track was a massive undertaking, and hundreds of men worked tirelessly to make sure the race met the deadline. On May 30, 1910, the legendary Indianapolis 500 was held. Over 30,000 people showed up to watch their fellow citizens race each other, and thousands more showed up to spectate the races on foot. The total gate receipts that year were nearly $2 million!

A Brief History Of The Indianapolis Motor Speedway

After the first Indy 500, the track was purchased by a man named Bill Leader for $150,000 in 1915. Over the next several years, track records were shattered as thousands of drivers vied for fame and glory. In 1919, the track was transferred to the newly formed Indiana Racing Association – which eventually became the current-day Indianapolis Motor Speedway Corporation (IMSC) – for a cool $750,000. The association changed the name of the track to Indianapolis Raceway, and a few months later, it opened up a brand new wing – the Indianapolis Museum of Art (IMA). In 1925, dirt track racing was made legal in the state of Indiana. The following year, the track was expanded to a mile and a quarter. In 1928, the track opened up the famous Tower Club – a restaurant with stunning views of the entire racing complex. In 1960, the track was expanded to its present size of a mile and a quarter. Since that time, many more improvements have been made, including a brand new paddle-shift style control system that makes the whole process much more convenient for fans.

The Present And Future Of The Speedway

The Indianapolis Motor Speedway is the culmination of many years of hard work and vision from Carl Fisher. The whole city of Indianapolis is proud of this historic venue, which continues to inspire people around the world to come together and create memorable experiences for everyone!

On the track, the Indy 500 is one of the premier car races in the world. The event was originally intended to be a memorial to soldiers who lost their lives in World War I. It was later changed to a memorial to those who lost their lives in World War II. The race’s popularity soared after the war, and it continues to this day.

The Indianapolis Motor Speedway is a true testament to the American spirit and to the pioneering nature of the country itself. It embodies the drive to better oneself and one’s community, as well as the determination to succeed in the face of great odds. These qualities make for great stories and have helped mold a nation of proud car enthusiasts!

Do NOT follow this link or you will be banned from the site!