History of Iowa Speedway in Timeline
January 2001: Carroll Abandoned Plan
In January 2001, Jerry Carroll abandoned the plan to develop the Iowa Speedway, and Jerry Lowrie replaced Carroll.
2002: Funding Rejection
In the fall of 2002, Vision Iowa rejected funding for the Iowa Speedway project.
April 16, 2003: Newton City Council Approval
On April 16, 2003, the Newton City Council unanimously approved a proposed project for a multi-use racing facility headed by the U.S. MotorSport Entertainment Corporation.
2003: U.S. Motorsport Entertainment Corporation Bid
In 2003, the Paul Schlaack-owned U.S. Motorsport Entertainment Corporation made a bid to build a shorter racing facility at Iowa Speedway.
2004: Construction Delayed
In June 2004, construction was delayed due to a lack of funds for the Iowa Speedway project.
2004: Delay Due to Lack of Funds
Throughout 2004, there was a delay in construction at Iowa Speedway due to a perceived lack of funds.
February 2005: Progress Resumed
In February 2005, progress on the Iowa Speedway project resumed as developers announced they had gathered enough funds.
June 21, 2005: Groundbreaking Held
On June 21, 2005, groundbreaking was held for Iowa Speedway.
2005: Hopes of opening in 2005
In October, with the city now investing a planned $17.3 million there were stated hopes of opening the Iowa Speedway in 2005.
2005: Groundbreaking Commenced
In mid-2005, groundbreaking commenced for Iowa Speedway.
April 2006: Expansion Plans
By April 2006, developers stated hopes of expanding the Iowa Speedway area to include a water park and a hotel.
September 2006: First Races Held
In September 2006, Iowa Speedway held its first races.
2006: Luxury Suites Constructed
According to a 2006 Autoweek report, Iowa Speedway constructed 28 luxury suites.
2006: Opening Year Delayed
By February 2005, the opening year for the Iowa Speedway was delayed until 2006.
2006: Indy Racing League Announcement
In 2006, the Indy Racing League announced their intentions to run annual IndyCar races at Iowa Speedway.
2007: First IndyCar Races
In 2007, the first IndyCar races were run at Iowa Speedway.
2007: Rumored Indy Racing League Race Weekend
In June 2006, Iowa Speedway was rumored to hold an Indy Racing League (IRL) race weekend for 2007; the report was confirmed in August.
February 2008: New Track President
In late February 2008, Jerry Jauron replaced Stan Clement as the track's president of Iowa Speedway.
2009: Xfinity Series and Craftsman Truck Series events
From 2009, the track also hosted the Xfinity Series and Craftsman Truck Series events.
2012: Second Truck Series race held
From 2012, the track hosted a second Truck Series race with the Fan Appreciation 200.
2013: Second Truck Series race held
Until 2013, the track hosted a second Truck Series race with the Fan Appreciation 200.
February 2018: New Track President Appointed
In February 2018, David Hyatt replaced Jimmy Small as the president of Iowa Speedway.
2019: Xfinity Series and Craftsman Truck Series events
Until 2019, the track also hosted the Xfinity Series and Craftsman Truck Series events.
2020: IndyCar Doubleheader
In 2020, as a result of the COVID-19 pandemic, IndyCar opted to run a doubleheader at Iowa Speedway.
2020: Races Canceled or Limited Spectators
In 2020, due to the COVID-19 pandemic, Iowa Speedway's races were either canceled or run with fewer spectators.
2021: High Chances of Cup Series Date
By 2019, Hyatt claimed that Iowa Speedway had high chances of being awarded a Cup Series date in 2021.
2022: IndyCar Doubleheader Continued
In 2022, IndyCar decided to stick with the doubleheader format when the series resumed racing at Iowa Speedway.
2022: IndyCar Return with Doubleheader
In August 2021, IndyCar announced its return to Iowa Speedway in 2022, with a doubleheader event.
2023: Seating Capacity
According to a 2023 report by The Des Moines Register, Iowa Speedway holds 30,000 seats.
February 2024: New Track President
In February 2024, Eric Peterson was appointed to replace David Hyatt as the track's president of Iowa Speedway.
July 2024: Fastest Official Race Lap Records
As of July 2024, the fastest official race lap records of the Iowa Speedway are listed.
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