A History of Ontario Motor Speedway
The Ontario Motor Speedway Corporation financed Ontario Motor Speedway through the issuance of $25.5 million dollars in bonds. The bonds were held at 7-½% revenue to be due on February 1, 1998. The 15-man board of directors was an interesting variety of business and sports men as well as celebrities. They included racing legends Parnelli Jones and Roger Penske as well as celebrities Paul Newman, Kirk Douglas and Dick Smothers. The president of the board was a 33-year-old attorney from Indianapolis, Dick B. Lockton. The track was located between G and 4th streets just east of Haven in Ontario. The groundbreaking ceremony for the speedway was held on September 24, 1968. Actor Kirk Douglas was one of many who spoke at the event. Howard Snider, Ontario’s Mayor, was presented with an original brick from Indianapolis Motor Speedway by its president, Tony Hulman at the ceremony. The premise behind the Ontario Motor Speedway was to mirror the Indianapolis Motor Speedway, which is located in Indianapolis, Indiana. The Indianapolis Speedway puts on of the most popular races in the sport, the Indianapolis 500. The vision was to have an “Indy West,” where the best of the best in the sport would now race on
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Approximate Word count = 1424
Approximate Pages = 6 (250 words per page double spaced)
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