Bruton Smith Unveils Plans for Drag Racing's "Crown Jewel,"
Tickets Now Available for Inaugural NHRA Carolinas Nationals
CONCORD, N.C. (Jan. 24, 2008) - Building on Lowe's Motor Speedway's
status as the premier destination for motorsports entertainment, Speedway
Motorsports, Inc. (NYSE:TRK) Chairman and Chief Executive Officer O. Bruton
Smith today unveiled plans for a state-of-the-art drag racing facility.
The quarter-mile drag strip will join Lowe's Motor Speedway's
legendary 1.5-mile superspeedway and four-tenths-mile dirt track in
presenting America's most popular auto racing series to fans from around the
Preliminary grading work is underway and construction on the
grandstand foundation will begin in early February. The facility will open
Sept. 11-14 with the inaugural NHRA Carolinas Nationals, round 19 of the
24-race NHRA POWERade Drag Racing Series.
The strip is currently being called The Dragway @ Lowe's Motor
Speedway, but Smith is asking fans to name the facility by participating in
a contest at
www.lowesmotorspeedway.com. The individual submitting the name
chosen for the facility will receive a VIP experience during the inaugural
NHRA Carolinas Nationals.
"I love to build things and this is an exciting project because we
are going to build the crown jewel of drag strips," Smith said following the
unveiling, which was part of the NASCAR Sprint Media Tour hosted by Lowe's
Motor Speedway. "Drag racing is the perfect compliment to the wide variety
of motorsports entertainment already on the schedule here at Lowe's Motor
"We are constantly looking for ways to grow our business and the
success of NHRA racing at our other tracks told us that adding a drag strip
here was a tremendous opportunity," Smith added. "Plus, there is just
something special about a race car with 7,000 horsepower."
The dragway will be located on 125 acres of LMS property across U.S.
Highway 29 from the superspeedway, adjacent to The Dirt Track. The drag
racing facility's track, pit areas and midway will cover 46.5 acres, or two
million square feet. Engineers estimate construction will require moving
750,000 cubic yards of dirt; placing 65,000 tons of aggregate stone base and
paving 50,000 tons of asphalt.
The most prominent feature of the dragway will be a
34,000-square-foot starting-line tower that will include 16 luxury suites
and an additional 4,000 square-feet of roof access for guests. The tower
will also include a control area for race officials, a broadcast booth for
ESPN's announcers and a press box for media members.
Initial plans call for two steel-and-aluminum grandstand structures,
one on each side of the quarter-mile drag strip, with a seating capacity of
30,000 and room for expansion to 60,000. The primary grandstand will be on
the drivers' left, adjacent to the Manufacturer's Midway and Pro Pits. It
will feature premium flip-down seating as well as 20-inch-wide bench seats
with backs. Two tunnels will connect the grandstands underneath the strip
to enhance fan mobility. Twenty-four luxury suites with hospitality
accommodations will be located above the main grandstand.
With the addition of the NHRA POWERade Drag Racing Series event,
Lowe's Motor Speedway will host six of the nation's premier auto racing
series during the 2008 season. Also on the schedule are three NASCAR Sprint
Cup Series races, two NASCAR Nationwide Series events, a NASCAR Craftsman
Truck Series race, three World of Outlaws Late Model Series events and a
pair of Advance Auto Parts World of Outlaws Sprint Car Series races.
The Dragway @ Lowe's Motor Speedway is the fourth NHRA-sanctioned
drag strip owned by Speedway Motorsports, Inc. The company also hosts NHRA
POWERade Drag Racing Series events at Bristol Dragway in Bristol, Tenn.; The
Strip @ Las Vegas Motor Speedway in Las Vegas, Nev.; and Infineon Dragway in
Tickets for the inaugural NHRA Carolinas Nationals on Sept. 11-14
are now available and can be purchased online at
or by calling the Lowe's Motor Speedway ticket office at 1-800-455-FANS.
About Speedway Motorsports, Inc.
Speedway Motorsports, Inc. is a leading promoter, marketer and
sponsor of motorsports activities in the United States. The company owns and
operates Atlanta Motor Speedway, Bristol Motor Speedway, Infineon Raceway,
Las Vegas Motor Speedway, Lowe's Motor Speedway, New Hampshire Motor
Speedway and Texas Motor Speedway. The company also provides souvenir
merchandising services through its SMI Properties subsidiary; provides radio
programming, production and distribution through its Performance Racing
Network subsidiary; develops electronic and media promotional programming
and distributes wholesale and retail racing apparel through The Source
International subsidiary; and manufactures and distributes smaller-scale,
modified racing cars and parts through its 600 Racing subsidiary. It also
co-owns Motorsports Authentics, a joint venture with International Speedway
Corporation formed in August, 2005 to produce, market and sell licensed
EDITOR'S NOTE: High-resolution architectural drawings of The Dragway @
Lowe's Motor Speedway to accompany this release can be downloaded by
visiting Lowe's Motor Speedway's digital images page at
Logos for The Dragway @ Lowe's Motor Speedway, the NHRA POWERade Drag Racing
Series and the NHRA Carolinas Nationals can be downloaded for media use by