054_Anthem Annual 2017 February Edition.p1

2017 Anthem Annual February

HOMESTEAD-MIAMI Homestead-Miami Speedway has often been called the most beautiful motorsports facility in America. While its Art Deco architecture would be considered beautiful even on South Beach in Miami, its massive size and vibrant colors make it especially attractive among the fields of southern Miami-Dade County. The 650-acre facility, located 25 minutes south of Miami International Airport, has the skyline of Miami visible to the northeast, and is in one of the most ideal locations of any speedway in America. In 1992, after Hurricane Andrew devastated South Dade and the City of Homestead, longtime Miami motorsports promoter Ralph Sanchez met with Homestead’s then-city manager, Alex Muxo to negotiate a deal to bring the facility to town with hopes of aiding in the revitalization of the city. Groundbreaking took place August 24, 1993, less than one year after Andrew made landfall. Before completion of the project, H. Wayne Huizenga joined the team as a partner. Grand opening ceremonies were held November 3-5, 1995, as the NASCAR XFINITY Series made its South Florida debut in front of a sold-out grandstand. On July 23, 1997, Penske Motorsports Inc. and International Speedway Corporation became partners with Sanchez and Huizenga. On March 15, 1998, PMI and ISC acquired Sanchez’s remaining interest in Homestead-Miami Speedway. SPEEDWAY After two seasons of race action, the complex’s 1.5-mile oval underwent an $8.2-million reconstruction, which transformed the former quad-oval and its “short-chutes” between the turns into a continuous-turn oval. The new design allowed for more competition and excitement. In 2003, the speedway underwent the most technologically advanced track re-configuration project in the history of motorsports. This state-of-the-art, $12-million project increased the track’s banking from a flat six degrees to a computer-designed, 18-20 degree variable banking system in the turns. Now in its 22nd year of operation, Homestead-Miami Speedway has become the driving force behind the revitalization of southern Miami-Dade County. Spurred by Ford Championship Weekend, the ongoing operation at Homestead-Miami Speedway has an annual economic benefit of more than $301 million on the County. This makes it one of the largest recurring events in all of South Florida. Jerry Markland/Homestead-Miami Speedway via Getty Images 54 ANTHEM MOTORSPORTS ANNUAL


2017 Anthem Annual February
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