44-535: Homestead–Miami Speedway (formerly known as the Homestead Motorsports Complex from 1995 to 1998) is a 1.500 mi (2.414 km) oval-shaped intermediate speedway in Homestead, Florida . It has hosted various major auto racing series throughout its existence, including NASCAR , IndyCar , and FIA GT Championship . The facility is currently owned by the city of Homestead and operated by NASCAR , and
88-607: A NASCAR Busch Series race scheduled to christen the track from November 3–5, 1995. Financial troubles continued throughout the end of 1994 and the beginning of 1995. In October, the city of Homestead began to consider selling bonds to finance construction, drafting a sale in December. County oversight was also sought to be greatly increased by November, with the budget for the project approaching $ 50 million. By April 1995, track developers still owed approximately $ 11 million to various contractors, with Homestead mayor Ted DeMilly stating in
132-658: A Busch Series race in November, the track still received criticism by drivers and reporters for a lack of passing. At the same time, Sanchez began initiating plans to obtain a NASCAR Winston Cup Series (now known as the NASCAR Cup Series) date. According to The Tampa Tribune , $ 17 million worth of renovations were made to the facility in 1996, which focused on adding bathrooms, hospitality centers, and television screens. The following year, Sanchez announced plans in March to reconfigure
176-458: A length of 1.51 mi (2.43 km), and Championship Auto Racing Teams (CART) used a length of 1.527 mi (2.457 km). Homestead–Miami Speedway is served by U.S. Route 1 and Florida State Road 821 , and covers approximately 650 acres (260 ha) according to the Miami Herald . As of 2019, the facility has a capacity of 43,000 according to Forbes . Within the track's infield
220-405: A practice crash for the 2006 Toyota Indy 300 . Two years later, track officials announced the construction of a new $ 8 million media center. In 2009, Gray stepped down from his position as president, with Matthew Becherer being named as Gray's replacement. Two years later, track officials began lobbying for an expansion that would add 12,000 seats and other improvements to the facility. Although
264-470: A rebranding, with the facility being renamed as the Homestead–Miami Speedway. That same month, ISC bought out Penske Motorsports, with ISC gaining a 90% stake over Miami Motorsports. As part of the move, Skuza was replaced by executive vice president Curtis Gray as president of the track. In September 2001, ISC bought out Huizenga's share of Homestead–Miami Speedway, LLC, taking over full control of
308-458: A two-story media center. Seeking a permanent venue for the Grand Prix of Miami , auto racing promoter Ralph Sanchez initiated plans to build a complex in 1991. After numerous failed proposals, the city of Homestead, recovering from the effects of Hurricane Andrew , was able to woo Sanchez into building the permanent complex within the city and was completed by 1995. In the following four years,
352-422: Is a 90 ft (27 m) deep, 0.5 mi (0.80 km) by 0.125 mi (0.201 km) lake that is occasionally used for fishing tournaments along with a 18,000 square feet (1,700 m), two-story media center that was constructed in 2008. The facility also features an art deco aesthetic made by Day One that combines "aqua blue, tan, and purple" according to Yahoo Sports ' Jay Busbee. On March 27, 1991,
396-467: Is led by track president Guillermo Santa Cruz. Homestead–Miami Speedway is served by U.S. Route 1 and Florida State Road 821 . The facility has a capacity of 43,000 as of 2019. Along with the main oval track, the facility features a road course layout that uses parts of the oval along with a specially designed infield road course. The facility also features numerous amenities, including a 0.5 mi (0.80 km) by 0.125 mi (0.201 km) lake and
440-409: Is measured at 1.5 mi (2.4 km), with a progressive system of banking of 18–20° in the turns and 4° of banking on the track's straights. The complex also features a 2.3 mi (3.7 km), 11-turn " roval " layout that uses parts of the oval along with a specially designed infield road course. From 1997–2003, the oval layout featured a banking of 6° in the turns and 3° in the straights. When
484-568: The Miami Herald made public that Grand Prix of Miami promoter Ralph Sanchez sought to build a permanent racing facility in Miami-Dade County, Florida , submitting a bill through the Florida Legislature that proposed that a local tourist tax would expand to let the tax be used to fund motorsports facilities. According to the Herald , he asked for up to $ 20 million in tax money to build
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#1732858595398528-597: The Florida Senate in May of that year. In December, Florida legislators voted over a budget proposal of $ 48.5 million to various sports and events in the Miami area; within the proposal was a plan to give $ 9 million to Sanchez to build the permanent facility. Sanchez wanted as much as $ 25 million, but local government leaders cut the amount down. The proposal was approved on the 19th; with the $ 9 million, Sanchez stated that he aimed to use
572-558: The Indy Racing League (IRL) taking over sanctioning rights for the event. In 2009, the race moved from being the season opener to the season finale for the IRL. The series failed to renew for the 2011 season, ending a 17-year tenure at the track. In 2025, Formula E is scheduled to make their debut at the facility for the Miami ePrix , racing on the facility's road course. As of June 2021,
616-567: The Miami Herald that "not only don't we have a lot of money, but we have a real time crunch." The following month, businessman Wayne Huizenga offered a $ 20 million loan to cover the track's remaining deficits in exchange for a minority ownership of the complex. By July, the project's cost increased to an expected $ 58 million; however, despite the increased costs, the Dade County commission received criticism for not providing bond issues to help fund
660-640: The France family purchase Miami Motorsports; it was approved on April 7. By July, talks to convince France Jr. to become a partner of Miami Motorsports resumed, officially announcing on the 23rd that the France family-owned International Speedway Corporation (ISC) and the Roger Penske -owned Penske Motorsports each bought out a 40% share of Miami Motorsports, with Sanchez and Huizenga each retaining 10% ownership. Sanchez stepped down from day-to-day operations in November, with Brian Skuza being appointed as general manager of
704-469: The NASCAR races were wildly successful." In response to criticism, Gray stated that the track was not obligated to pay taxes to the city despite a Supreme Court of Florida ruling to end the track's property tax exemption and that the facility was a "viable entity" for the city of Homestead despite the city of Homestead blaming their financial crisis on the track's lease agreement. Gray later stated that critics of
748-418: The approval, Sanchez acquired a total of $ 31 million for the project. By this point, plans for the facility included 9,000 permanent seats and restaurants. In August, plans for the complex were officially unveiled: the 350-acre (140 ha) complex planned to include two oval tracks and the original road course, with Sanchez hoping to host IndyCar , IMSA , Trans-Am Series , Formula One , and NASCAR races at
792-517: The approval. Opposition towards the proposal grew heavily by September, with multiple cities stating their opposition to the project. On October 18, the Herald reported that the Munisport proposal was officially dead, with Sanchez stating to the Herald , "with the opposition mounting in North Miami, we were feeling a little unwanted." On October 4, in the aftermath of Hurricane Andrew and in midst of
836-455: The city of Homestead and Sanchez made numerous accommodations to then-NASCAR president Bill France Jr. to gain a NASCAR Cup Series race weekend, including the reconfiguration of the track from a rectangle to an oval-shaped track in 1997. In the 2000s, numerous renovations were made to the track, including a second reconfiguration, the installation of SAFER barriers and lights, and other amenities. The complex's oval layout in its current form
880-516: The city of Homestead looked to buy, was sued for alleged misuse of insurance funds. In addition, Sanchez stated in July that "soil conditions and flood criteria requirements" as potential causes for a possible delay. On July 27, 1993, the Metro-Dade Commission approved the use of $ 20 million in hotel taxes to invest into the facility, more than half of the budget Sanchez needed for the project; with
924-468: The city of Homestead was able to obtain all the permits needed to resume construction, ending an eight-month delay. Two months later, the projected cost for the project increased by approximately $ 6 million, leading developers to "temporarily" scale back the project by removing grandstands for the track's first race. The track's first confirmed event was announced in September, with a race weekend highlighted by
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#1732858595398968-471: The complex was first built, it featured a rectangle-shaped layout similar in shape to the Indianapolis Motor Speedway alongside a 2.21 mi (3.56 km), 13-turn road course layout that utilized parts of the rectangle along with specially designed parts of the track that were contained within the track's infield. The rectangle's layout distance was disputed by sanctioning bodies; NASCAR used
1012-675: The confirmation of the sale of the Villages of Homestead real estate project, Homestead City Manager Alex Muxo stated his hopes to woo Sanchez into building his motorsports complex in Homestead. 11 days later, Muxo stated in a press conference that Sanchez had agreed to build the complex east of the Homestead Sports Complex , with the Metro-Dade Finance Committee promising $ 11 million for the project. The committee's investment
1056-501: The facility and the lease agreement were "misinformed and looking for a scapegoat." In 2002, the facility experienced its second fatality when driver Jeff Clinton was decapitated when he crashed during a practice session for a Grand American Sports Car race. The following year in April, track leaders began considering a reconfiguration to increasing the banking on the track's turns due to complaints from drivers that passing other drivers on
1100-417: The facility, with Jimmy Vasser winning a Championship Auto Racing Teams (CART) event. After the facility's first CART race weekend, track developers announced the repaving of all four corners due to concerns of a lack of passing, with the corners being widened. The repaving was completed by September of that year; the new track surface drew concerns over the track being too fast for open-wheel racing. After
1144-431: The facility, with both series making their debut in November 1995 for the track's inaugural race weekend. Starting in 1996, the Grand Prix of Miami was moved from a street course based in Miami to then-named Homestead Motorsports Complex, with Jimmy Vasser winning the first open-wheel event at the facility. Until 2000, the event was sanctioned by Championship Auto Racing Teams (CART); CART failed to renew to 2001, with
1188-409: The facility. Groundbreaking occurred within the month on the 24th, with NASCAR president Bill France Jr. appearing as a dignitary. Eight days later, construction was halted after numerous environmental groups and agencies pressured Muxo and the city of Homestead to stop clearing land over concerns of a lack of environmental permits. As a result, the $ 20 million promised by the Metro-Dade Commission
1232-480: The facility. After approval was given by the United States Air Force , the plan was officially confirmed in April 2005 with a budget of approximately $ 8 million; the project was completed by November. Two months after the announcement, the construction of the $ 14 million Turn One Tower, a luxury seating section, was announced. In 2006, the track's third fatality occurred when IndyCar driver Paul Dana died in
1276-537: The facility. The North Miami City Council approved the proposal on June 26, with Sanchez later stating hopes to host CART IndyCar World Series races. In response, a group of approximately 90 people who opposed the project was formed: the Citizens for the Public Use of Munisport. The group argued that the land was designated to be used as public land according to a referendum voted on by local citizens more than 20 years before
1320-538: The facility. The bill had passed earlier in the Florida House of Representatives on the 21st. Sanchez wanted to seek out a permanent facility for the Grand Prix of Miami, which had been run as a street course on city streets. Three days after the initial report, the Herald reported that Sanchez was considering a location at Amelia Earhart Park ; the plan faced heavy opposition from nearby residents. The bill later passed
1364-562: The fastest official race lap records at Homestead-Miami Speedway are listed as: Oval track racing#Intermediate Too Many Requests If you report this error to the Wikimedia System Administrators, please include the details below. Request from 172.68.168.132 via cp1112 cp1112, Varnish XID 387269467 Upstream caches: cp1112 int Error: 429, Too Many Requests at Fri, 29 Nov 2024 05:36:35 GMT Amelia Earhart Park Too Many Requests If you report this error to
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1408-415: The following day, with a crowd of 65,000 watching Dale Jarrett win a Busch Series race. After the weekend, the track's surface drew criticism from numerous Busch Series drivers for being too slippery outside of the regular racing line; in response to the criticism, Sanchez pledged to fix the issue by placing down polymer on the track's surface. On March 3, 1996, the complex held its first open-wheel race at
1452-449: The lease. By 2001, the city of Homestead was reported to have lost $ 34–51 million on potential profit on the track since 1999 due to the city changing its lease agreements to obtain a Cup Series date, with Miami Herald writer Carl Hiaasen stating that due to the decision to change the city's lease agreement with ISC, "with one baffling stroke of the pen, Homestead agreed that it would take no share of its own speedway's profits, even if
1496-524: The money to improve amenities on the street course. By May 1992, Sanchez began considering a proposal to build a 2.1 mi (3.4 km) racetrack on the Munisport landfill in North Miami , proposing to build the track in two phases. A noise test for nearby residents was conducted the following month, with the proposal receiving mixed, highly polarizing reactions from residents who either supported or opposed
1540-616: The proposal was approved by July of that year, by 2014, the track was reported by ISC to have decreased to 46,000 seats according to Bob Pockrass of Sporting News . By 2019, according to Forbes ' Dave Caldwell, the facility decreased its seating capacity to 43,000. That same year, NASCAR bought out ISC in October, taking control of the lease for the track; a month later, Becherer left his position as president, being replaced by senior vice president of operations of Homestead–Miami Speedway, Al Garcia. Garcia retained his position until 2024, when he
1584-412: The rectangle track into an oval-shaped track at a cost of $ 8 million, with Sanchez stating that if they did not reconfigure the track, "there is no chance we'll get a Winston Cup race." That same month, the facility oversaw its first fatality when NASCAR driver John Nemechek suffered brain injuries from a crash during a NASCAR Truck Series race. Construction on the reconfiguration started on March 24 and
1628-548: The track was too difficult. The $ 10 million reconfiguration was officially announced the following month, with the track's turns being reconfigured to a variable banking system of 18–20°. Along with the reconfiguration, the addition of soft wall SAFER barriers were announced to increase driver safety. The reconfiguration was completed in time for the 2003 Ford 400 in November and received positive reactions from drivers and NASCAR officials. In 2004, Gray announced his consideration of installing lights to accommodate nighttime racing at
1672-411: The track's oval layout. Multi-car tests were run two months later; although consistent praise for the track's oval layout was given, numerous drivers crashed during the session, including one that injured driver Mike Harmon with a fractured left leg. The first race run at the facility on November 4, with Dexter Canipe winning a NASCAR Goody's Dash Series race. The track's first highlight race occurred
1716-423: The track. By the end of the track's initial construction, plans for the track included 65,000 total seats, 70 condominiums, and an oval track layout similar to the layout of the Indianapolis Motor Speedway , with a final projected cost of $ 59 million (adjusted for inflation, $ 117,974,230). The first tire tests on the facility were conducted by Busch Series driver Chad Little on August 9, 1995, with Little praising
1760-399: The track. In March 1998, Sanchez's ownership was bought out, with ISC and Penske Motorsports each increasing their ownership to 45%. In September, Skuza officially announced the confirmation of a Winston Cup Series date for 1999. In order to accommodate a Cup Series race weekend, the facility was upgraded to hold 71,763 permanent seats; an addition of 21,000. In July 1999, the facility underwent
1804-516: Was approved in November, with Sanchez stating that with the approval, "we can start to build almost right away." Another $ 1.7 million investment was given by the Homestead City Council in February 1993. However, three months later, the project was put into jeopardy when a real estate deal was delayed when Homestead Properties, the owner of approximately 360 acres (150 ha) of prospective land
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1848-486: Was completed by November for the track's annual Busch Series race. In further efforts to lure a Winston Cup race, attempts were made to make NASCAR president Bill France Jr. a partner for the Miami Motorsports group that leased the track from the city of Homestead; however, the talks broke down by March 1997. However, by the following month, the city of Homestead voted on changing the lease to allow an option to let
1892-530: Was replaced by Guillermo Santa Cruz. Since 1999, the track has hosted the annual Straight Talk Wireless 400 . Starting in 2002, the race became the final race of the Cup Series season, a tradition that lasted until 2019 when the season finale was moved to the NASCAR-owned Phoenix Raceway . NASCAR's lower-tier series, the second-tier Xfinity Series and third-tier Truck Series , have also raced at
1936-604: Was temporarily blocked and the initial announced opening of November 1994 was delayed. On February 24, 1994, Sanchez stated in The Palm Beach Post that he hoped construction would resume the following week; however, new complaints from the Environmental Protection Agency (EPA) and the United States Fish and Wildlife Service arose the following month. In May, construction resumed on the complex after
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