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ISC Announces Intent to Close 5 Race Tracks 

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ISC Announces Intent to Close 5 Race Tracks 

In the 2014 budget, Democrats and Republicans both voted to eliminate federal subsidies for motor race tracks across the country. After several years of financial challenges, the International Speedway Company has announced their intent to close five of their thirteen tracks. The ISC will close the Route 66 Speedway and Chicagoland Speedway in Joliet, IL, the Homestead-Miami Speedway in Miami, FL, the Richmond Raceway in Richmond, VA, and the Kansas Speedway in Kansas City, KS. Each of these tracks will be closed officially at the end of the following NASCAR Infinity season, ending in November of 2018. 

 

In a statement, ISC said, "The financial reality of the situation in which motorsports and the industry is in has left us in a position where we must find ways to consolidate our costs. While these historic raceways are important parts of their communities, we believe it is in the best interest of our company and of the sport as a whole if we consolidated. We will be looking for buyers to purchase these tracks over the coming year as our commitments in these venues come to a close." 

 

These four locations each host a series of events for ISC, including hosting numerous NASCAR races and the Route 66 Speedway being a key locale for the National Hotrod Associations annual events, but their upkeep has become too costly with the changes to the federal budget. ESPN Analyst and NASCAR commentator Michael Anderson made clear this has been an ongoing financial issue, as the industry saw unprecedented growth in the early 2000s that tapered off with the financial crisis. The federal budget changes of 2014 restricted the industry even further than the 2008 crisis, forcing higher ticket prices and larger rents for non-racing events. Ultimately, the company was forced to consolidate its stock of land. 

 

It remains to be seen if other industry race tracks will be closed as well, as several privately owned tracks are struggling financially, as is rival Speedway Motorsports. 

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