Las Vegas Motor Speedway, located in Clark County, Nevada in Las Vegas, Nevada about 15 mi (24 km) northeast of the Las Vegas Strip, is a 1,200-acre (490 ha) complex of multiple tracks for motorsports racing. The complex is owned by Speedway Motorsports, Inc., which is headquartered in Charlotte, North Carolina. Following the final closure of Stardust International Raceway in 1971, plans were developed for a new racing facility in Las Vegas: the Las Vegas Speedrome. Located in the far northeast corner of the Las Vegas Valley, the Speedrome consisted of a road course and drag strip, opening in 1972. Alexander Rodriguez leased the facility from the City of Las Vegas, and added the 3/8-mile short track in 1985 after the closure of Craig Road Speedway in 1983. Ralph Engelstad of the Imperial Palace purchased the track in 1989, renaming the facility Las Vegas Speedway Park. Engelstad partnered with William Bennett of the Sahara Hotel and opened a new $72 million superspeedway on the site in September 1996. The first race at the speedway was on September 15 with an IndyCar event, which was won by Richie Hearn. A NASCAR Truck Series race followed in November. In December 1998, Speedway Motorsports purchased Las Vegas Motor Speedway from Engelstad and Bennett for $215 million. Veteran motorsports publicist Chris Powell was named the speedway's president and general manager and still holds that position today. More information...
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