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Who built California Speedway?
Paxton Waters ArchitectureAuto Club SpeedwayBroke ground22 November 1995Opened20 June 1997Construction costUS$100 million (US$134 million in 2021 dollars)ArchitectPaxton Waters Architecture Penske Motorsports, Inc.D-shaped oval (1997–present)33 more rows
Who owns NASCAR speedways?
International Speedway CorporationFormerlyBill France Racing, Inc.FatePurchased by and merged into NASCARHeadquartersDaytona Beach, Florida , United StatesKey peopleJim France (Chairman) Lesa Kennedy (Vice Chairman and CEO) Steve Phelps (President)Revenue$633.91 million USD (2010, November)9 more rows
Who owns NASCAR holdings?
The privately owned company was founded by Bill France Sr. in 1948, and his son, Jim France, has been the CEO since August 2018. The company is headquartered in Daytona Beach, Florida. Each year, NASCAR sanctions over 1,500 races at over 100 tracks in 48 US states as well as in Canada, Mexico, and Europe.
Is California Speedway going to be a short track?
Back in 2020, NASCAR had announced its intention to convert the speedway's two-mile oval into a half-mile short trackshort trackShort track motor racing, motor racing conducted on a track less than one mile in length.https://en.wikipedia.org › wiki › Short_trackShort track - Wikipedia, but at the time there was no specific proposal for uses for the rest of the site, which is located in the unincorporated county area.
Does the France family still own NASCAR?
NASCAR is wholly owned by the France Family Group that includes Jim France and his niece Lesa France Kennedy.
How many NASCAR speedways are there?
NASCAR holds races at 39 different tracks in the U.S and Canada, including ovalovalAn oval track differs from a road course in that the layout resembles an oval with turns in only one direction, and the direction of traffic is almost universally counter-clockwise.https://en.wikipedia.org › wiki › Oval_track_racingOval track racing - Wikipedia short tracks, winding road courses, and superspeedways longer than 2 miles.
What is NASCAR worth?
Hendrick Motorsports was the most valuable NASCAR racing team with a value of 315 million U.S. dollars....NASCAR racing teams ranked by team value in 2019 (in million U.S. dollars)CharacteristicTeam value in million U.S. dollarsHendrick Motorsports3158 more rows•Mar 10, 2022
How much is Jim France worth?
1.8 billion USD (2022)Jim France / Net worth
Who owns Daytona Motor Speedway?
International Speedway Corp.NASCAR is buying Daytona International SpeedwayDaytona International SpeedwayDaytona refers to the city of Daytona Beach, Florida, or things named after it.https://en.wikipedia.org › wiki › DaytonaDaytona - Wikipedia and its parent company, International Speedway Corp., in a deal worth about $2 billion. NASCAR pioneer Bill France Sr. started International Speedway Corp. in 1953 to aid the construction of Daytona International Speedway.
Why is NASCAR not racing at Fontana?
This weekend's race will mark the first time in nearly two full years that NASCAR has raced at FontanaFontanaFontana is a city in San Bernardino County, California. Founded by Azariel Blanchard Miller in 1913, it remained essentially rural until World War II, when entrepreneur Henry J.https://en.wikipedia.org › wiki › Fontana,_CaliforniaFontana, California - Wikipedia. The track's 2020 race weekend took place just before the COVID-19 outbreak was declared a pandemic in the U.S., and its 2021 race weekend ended up being cancelled due to COVID restrictions in the state of California.
Is Auto Club Speedway being rebuilt?
The proposed plans for the conversion of Auto Club Speedway to a short trackshort trackShort track motor racing, motor racing conducted on a track less than one mile in length.https://en.wikipedia.org › wiki › Short_trackShort track - Wikipedia, first revealed in September 2020. NASCAR's intent to convert the track was first reported by The Athletic on Sept. 8, 2020. That was days after NASCAR submitted plans for the renovation to San Bernardino County.
What is happening to Club Speedway?
NASCAR and Auto Club Speedway announced today that the 2023 NASCAR Cup Series race on Feb. 26 will be the final race on Auto Club Speedway's classic 2-mile oval.
Who owns Speedway Motorsports Inc?
Sonic Financial CorporationSpeedway Motorsports / Parent organizationAfter trading for 25 years on the New York Stock Exchange, where it was known as Speedway Motorsports, Inc. (SMI), the company was taken private in September 2019, and today is a wholly owned subsidiary of Sonic Financial Corporation, itself owned by members of Bruton Smith's family.
How much is Jim France worth?
1.8 billion USD (2022)Jim France / Net worth
Who owns Bristol Motor Speedway?
Speedway MotorsportsBristol Motor Speedway / Owner
What tracks does Bruton Smith own?
Bruton Smith and his 11 tracks Smith's Speedway Motorsports owns 11 NASCAR tracks: Charlotte, Atlanta, Las Vegas, Bristol, New Hampshire, Texas, Kentucky and Sonoma (Calif.), as well as Dover, Delaware, Nashville and North Wilkesboro.
Who owns the Speedway?
Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio, with locations primarily in the Midwest and the East Coast regions of the United States wholly owned by 7-Eleven. Speedway stations are located in 32 states, up significantly from its core seven-state region in the Midwest since 2012. Prior to 2021 the company was a wholly owned subsidiary of the Marathon Petroleum Corporation and is the largest convenience store chain in central Ohio.
Who bought Speedway in 2020?
In February 2020, it was reported that Seven & i Holdings, the parent company of convenience store chain 7-Eleven, planned to buy Speedway for $22 billion. However, due to investor concerns that the offer was too high, as well as the potential impact the COVID-19 pandemic would have on the economy, the company abandoned the idea the following month.
What does the red on the Speedway map mean?
Map of states containing at least one Speedway station as of December 2019; red indicates Speedway's core Midwestern states prior to its 2012 expansion, green indicates former Hess stations, orange indicates both former Hess stations and states where Speedway was already expanding into organically prior to the Hess purchase, and blue from the former Andeavor properties, including the SuperAmerica chain that Speedway owned & operated from 1997 to 2011.
Where is the Speedway 79 located?
Speedway started as Speedway 79, the name of a gasoline chain based in Michigan for much of the first half of the 20th century. In 1959, Marathon, then known as the Ohio Oil Company, purchased the chain and in 1962 converted its outlets to the Marathon brand.
When did Marathon buy Speedway?
On August 2, 2020, Marathon announced that Seven & i Holdings would be acquiring Speedway for $21 billion. The deal closed on May 14, 2021.
Did Speedway acquire GasAmerica?
On February 13, 2012, it was announced that a deal had been reached with Indiana and Ohio convenience store chain GasAmerica to acquire all 88 of its locations. Speedway also acquired all trademarks, trade dress and intellectual property from GasAmerica and included several parcels of undeveloped real estate for future development. The transaction was finalized on May 29, 2012, for an unspecified price.
Is Express Mart rebranded as Speedway?
On April 16, 2018, it was announced that all 78 Express Mart locations were being re-branded as Speedway locations, which follows Marathon's acquisition of Express Mart, a chain based in Syracuse, NY that co-branded with competitors such as Sunoco and Mobil. Speedway and MPC closed on the acquisition of Express Mart in November 2018 after being required by the FTC to divest of 5 stores. In 2019 they purchased 33 NOCO Express locations in Western New York. On October 31, Marathon Petroleum has announced the plans of spinning off Speedway into an independent company.
Who owns the Speedway gas station?
Speedway gas station owner Marathon Petroleum has agreed to sell the chain to 7-Eleven’s parent company. Seven & i Holdings, the Japanese retail group that owns the popular convenience store, will pay $21 billion for Speedway.
When did Seven and I buy Sunoco?
The deal allows Seven & i to shift its focus beyond a saturated Japan market and expand its portfolio of American gas stations and corner stores after it spent $3.3 billion to acquire Sunoco in 2017.
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Who built the California Speedway?from oltmans.com
The California Speedway was a Kaiser Steel Mill superfund site and the area below the pit buildings, built by Oltmans, has an environmental barrier condition.
What NASCAR track is in the 2021 season?from motorsport.com
Currently, there are just three short tracks on the Cup Series schedule: Bristol Motor Speedway, Martinsville Raceway and Richmond Raceway. The ambitious plan would take place following the 2021 spring race with the goal of having the new track ready for the 2022 season, thus transforming one of NASCAR's largest tracks into a Martinsville Speedway ...
How many skyboxes are there at the Speedway?from en.wikipedia.org
The speedway's main grandstand has a capacity of 68,000, additionally it features 28 skyboxes and has a grand total capacity of 122,000. In 2006, a fanzone was added behind the main grandstand. Lights were added to the speedway in 2004 with the addition of a second annual NASCAR weekend.
Why did NASCAR cancel the second race?from en.wikipedia.org
With such a large attendance swing, drivers and media began to doubt if the track deserved two dates, even if the track was near Los Angeles, the nation's second-largest media market. Weather also became a concern with either extremely hot days or with rain threatening the races. All of this factored into NASCAR's decision to remove a second race from the track with the realignment of the 2011 NASCAR schedule. Former track owner Roger Penske said the track may be located in a one-race market. Track president Gillian Zucker cited bad weather windows and fans having other entertainment options as reasons for the attendance decline.
What is the new midway at the Speedway called?from en.wikipedia.org
In 2006, the speedway's midway, located behind the main grandstand, was overhauled. The new midway, called the "Discover IE FanZone", includes the addition of Apex (a Wolfgang Puck restaurant), additional shade and lounge areas, a retail store and an entertainment stage.
When will NASCAR return in 2022?from autoclubspeedway.com
We’re Back! NASCAR Cup Series Returns to Auto Club Speedway Feb. 27, 2022
How many seats are there in the Grandstand?from en.wikipedia.org
Effective in the 2014 racing season, the grandstand capacity was reduced from 92,000 to 68,000. This was accomplished by removing approximately 12,000 seats near turn 1 and installing a hospitality area and a digital display showing speeds along the straightaway. In addition, seats were further reduced as a result of modifying average seat width from 18 inches to 23 inches. The capacity quoted does not include luxury boxes and infield seating, which when added up reaches a capacity of approximately 100,000.
How much did Marathon Petroleum buy back?from nasdaq.com
Along with the completion of the transaction, management announced plans to improve Marathon Petroleum’s financial position and return cash to its shareholders including its intention to buy back $10 billion in common stock.
Is Marathon Petroleum a publicly traded company?from nasdaq.com
The company in its current form came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation’s refining/sales business into a separate, independent and publicly-traded entity. It operates the country’s largest refining system with more than 3 million barrels of crude oil capacity per day across 16 refineries. The company’s marketing system includes branded locations across the United States including Marathon brand retail outlets.
What is Speedy Rewards?
Speedy Rewards is our way of saying “thanks” for being a loyal customer of our stores. It costs absolutely nothing to become a member of Speedy Rewards. Through your purchases of fuel and merchandise, you will earn points that can be redeemed for gift cards or free merchandise.
Does Speedway have a code of business conduct?
Speedway has always conducted its operations in accordance with the law as well as the highest standards of business ethics. We take great pride in the reputation of our good name within the communities that we serve. We conduct our operations under a Code of Business Conduct that demonstrates our commitment to integrity.
Is Speedway a community organization?
Speedway is also committed to community involvement. We are the largest contributor within the convenience store industry to Children's Miracle Network Hospitals. In addition, our corporate headquarters works hard throughout the year in contributing to the United Way. Both of these organizations are important to Speedway in that the funds collected stay within the communities in which they were raised.
Overview
History
Speedway started in 1952 as Speedway 79, the name of a gasoline chain based in Michigan. Unlike other gas station chains at the time, Speedway 79 did not have a service station to perform vehicle maintenance, but rather vending machines that focused on cigarette and soft drink sales, giving their locations the nickname "Smokes and Cokes". The "79" denoted the octane rating of Speedwa…
Separation from Marathon and sale to Seven & i Holdings
In late 2018, Marathon announced their intentions to spin-off Speedway into an independent company by the end of 2020.
In February 2020, it was reported that Seven & i Holdings, the parent company of convenience store chain 7-Eleven, planned to buy Speedway for $22 billion. However, due to investor concerns that the offer was too high, as well as the p…
Public Relations
A corporate partner of Children's Miracle Network Hospitals since 1991, Speedway has raised more than $100 million over the past 26 years for the charity through a variety of fundraising activities. Speedway LLC raised $10.3 million for Children's Miracle Network Hospitals in 2017.
Speedway was ranked the 4th worst company to work for in the United States in 2018, with work-life balance and senior management as major detractors to the work environment. These issues …
External links
• Official website