History
Charlotte Motor Speedway was designed and built by Bruton Smith and partner and driver Curtis Turner in 1959. The first World 600 NASCAR race was held at the 1.5 miles (2.4 km) speedway on June 19, 1960. In 1961, the speedway fell into Chapter 11 reorganization but quickly recovered despite the lagging ticket sales. Smith departed from the speedway in 1962 to pursue other business interests. He became quite successful and began buying shares of stock in the speedway and, by 1975, had become the majority stockholder, regaining control of its day-to-day operations. Smith hired H.A. "Humpy" Wheeler as general manager in 1976 and together the two began to implement plans for improvement and expansion of the speedway.
In the following years, new grandstands and luxury suites were added along with modernized concessions and restrooms to increase the comfort for race fans. Smith Tower, a 135,000 square feet (12,500 m2), seven-story facility was built and connected to the grandstands in 1988. The tower houses the speedway corporate officers, ticket office, gift shop, leased offices and The Speedway Club; and exclusive dining and entertainment facility. The speedway became the first sports facility in America to offer year round living accommodations when 40 condominiums were built overlooking turn 1 in 1984, twelve additional condominium units were later added in 1991.
In 1992, Smith and Wheeler directed the installation of a $1.7 million, 1,200-fixture permanent lighting system around the track developed by Musco lighting. The track became the first modern superspeedway to host night racing, and was the largest lighted speedway until 1998 when lights were installed around the 2.5 miles (4.0 km) Daytona International Speedway. In 1994, Smith and Wheeler added a new $1 million, 20,000 square feet (1,900 m2) garage area to the speedway's infield.
From 1997 to 1999 the track hosted the Indycar Series. On lap 61 of the 1999 race, a crash led to a car losing a tire, which was then propelled into the grandstands by another car. Three spectators were killed and eight other were injured in the incident. The race was canceled shortly after, and the series has not returned to the track since. The incident, along with a similar incident in July 1998 in a Champ Car race at Michigan International Speedway, led to new rules requiring cars to have tethers attached to wheel hubs to prevent tires from breaking away in a crash. Also following the crash, the catch fencing at Charlotte and other SMI owned tracks was raised from 15 feet (4.6 m) high with 3 feet (0.91 m) overhangs to 21 feet (6.4 m) with 6 feet (1.8 m) overhangs to help prevent debris from entering the stands.
In February 1999, Lowe's bought the naming rights to the speedway, making it the first race track in the country with a corporate sponsor. Lowe's chose not to renew its naming rights after the 2009 NASCAR season. The track reverted to its original name, Charlotte Motor Speedway, in 2010.
In 2005, the surface of the track had begun to wear since its last repaving in 1994. This resulted in track officials diamond-grinding the track, a process known as levigation, to smooth out bumps that had developed. The ground surface caused considerable tire-wear problems in both of the NASCAR races that year. Both races saw a high number of accidents as a result of tire failure due to the roughness of the surface. In 2006, the track was completely repaved.
Track president "Humpy" Wheeler retired following the Coca-Cola 600 on May 25, 2008, and was replaced by Marcus Smith. At the end of 2008, the speedway reduced capacity by 25,000 citing reduced ticket sales. At the same time, the front stretch seats were upgraded form 18 inches (460 mm) fold down seats to 22 inches (560 mm) stadium style seats that were acquired from the recently demolished Charlotte Coliseum. On September 22, 2010, CMS announced a partnership with Panasonic to install the world's largest high definition video board at the track. The video board will measure approximately 200 feet (61 m) wide by 80 feet (24 m) tall, containing over nine million LEDs and will be situated between turn 2 and 3 along the track's backstretch. The installation of the video board is now completed.
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