Memphis International Raceway - History

History

Memphis International Raceway was founded in 1986 by Ed Gatlin who, along with a group of investors, bought a 400-acre tract of land in northeast Shelby County, Tenn., and built a drag strip with an adjacent road course, a dirt track and go-kart track.

The entire facility was purchased by the Grand Prix Association of Long Beach in 1996, and in 1997, a ¾-mile paved tri-oval was added on the site of the old dirt track, while a new dirt track was built on the site of the former go-kart track. The name of the facility was also changed-to Memphis Motorsports Park-and the tri-oval opened on June 5, 1998.

The following month, Memphis Motorsports Park was acquired by Dover Motorsports, Inc. in connection with its purchase of the Grand Prix Association of Long Beach. Memphis Motorsports Park closed October 30, 2009 due to lack of finances. Its parent company, Dover Motorsports, Inc. announced that it was ceasing all operations at Memphis Motorsports Park and that it would not be promoting any events in Memphis in 2010. The Memphis facility was under an agreement of sale to Gulf Coast Entertainment but Gulf Coast was unable to secure financing. The track's Camping World Truck Series date was moved to Nashville Superspeedway and its Nationwide Series date to Gateway International Raceway, and later abandoned after a year. Dover Motorsports, Inc. auctioned off the complex on December 14, 2010 to Palm Beach International Raceway for $1.9 million.

It was announced on January 31, 2011 that the deal between Palm Beach International and Dover Motorsports was finalized, and the track is expected to re-open in April. The track was also renamed to Memphis International Raceway, and a new logo was created to reflected the change which adopted a similar theme with its sister track in Palm Beach. The track became sanctioned with IHRA, which is expected to hold an IHRA Nitro Jam event in 2011.