Myrtle Beach Speedway moves one step closer to shutting down

0 Comments

One of the oldest and longest operating tracks in NASCAR and other racing series is one step closer to shutting its doors forever.

The Horry County Council in South Carolina passed the first reading of a rezoning request Tuesday night that will likely lead to Myrtle Beach Speedway being redeveloped into a commercial and residential development, per a story by the Myrtle Beach Sun News/MyrtleBeachOnline.com.

The rezoning request needs two more readings in front of the Council before approval would be given to complete the sale of the speedway property. Including the track, the overall size of the property is about 45.5 acres and worth about $2.17 million, per the Sun News.

The .538-mile paved oval was built in 1958 and has operated for the past 62 years. Because its rezoning and sale are expected to be approved, the track has set August 15 as its “farewell race,” according to the Sun News. However, the track’s web site still lists events into early December.

This past February, track owner Bob Lutz, who purchased the property in 2012, said operating the facility continues to be a money losing proposition, according to the Sun News.

“(Closing the track) isn’t an easy decision to do that but the problem is it’s getting harder and harder for short tracks to survive, and the reason why is because we’re just not getting the attendance that they used to years ago,” Lutz told the Sun News in February. “It makes it hard, because you struggle and do everything you can. I think me and my team have shown that we have put 100 percent effort into building the speedway and making it successful and making it a great place for people to race at, and even though we’ve put in all the effort it still continues to lose money.”

NASCAR has a long history with the track, including holding events in Cup (1958-65) and the Xfinity Series (1988-2000). Since then, the facility has hosted a number of races across a variety of racing series.

Drivers who have raced at Myrtle Beach over the years include NASCAR On NBC and 2021 NASCAR Hall of Fame inductee Dale Earnhardt Jr. (see video above of his race there in 1999); NASCAR Hall of Famers Dale Earnhardt, Tony Stewart, Jeff Gordon, Mark Martin and Ned Jarrett and Dale Jarrett; Matt Kenseth, Elliott Sadler and NASCAR On NBC analyst Jeff Burton.

Speedway general manager Steve Zacharias, who has been at the track for nearly a decade, had previously told the Sun News that he and two partners have agreed to purchase Florence (S.C.) Motor Speedway and essentially move racing operations to there from Myrtle Beach Speedway.

Plans are for the new ownership group to hold its first race at Florence Motor Speedway on September 4, according to the Sun News.

As for Myrtle Beach Speedway, it’s a bittersweet ending for Lutz.

“It is so expensive to operate a facility like that, we continue losing money year after year and just at some point you have to say we tried with everything we possibly could and realize that without people in the stands you’re never going to be able to survive,” Lutz told the Sun News in February. “So the people that say, ‘Why is it going away?’ and ‘We wish it would stay,’ I wish those people would support us week after week and we wouldn’t have to do this.”

Follow @JerryBonkowski