The cost to build a race track varies greatly depending on location, design and the level of specific finishing work you’re after. At the most basic level, you can expect to pay between $5-20 million for the potential return on your investment. Although this may seem exorbitant, it takes into account all the expenses associated with building your own circuit.
Cost to build race track
The cost to build a race track depends on the size and features of the facility. According to the International Speedway Corporation (ISC), the average cost of building a new speedway ranges from approximately $40 million for a 1-mile oval to $50 million for a 2-mile tri-oval.
The ISC also says that the cost of constructing a new speedway is equal to or less than other major stadium projects and that it costs less than $1 million per year to maintain.
The cost of building an F1 race track can be more expensive than other types of racing tracks, due to its length and width requirements. For example, Autodromo Nazionale Monza has been added to the Formula 1 schedule in Italy since 1922, but the cost of upgrading it to F1 standards was approximately $70 million in 2006 dollars.
The cost of building a race track depends on the size and complexity of the project. A major part of the cost is in the design and construction of safety barriers, fencing and seating.
The total cost of building a Formula One circuit is between $300 million and $1 billion. The cost of developing a raceway for NASCAR can be as low as $10 million to as high as $100 million, depending on the venue’s location, size and amenities.
The average cost for an oval track (1/2 mile or 1 mile) is about $5 million per mile; while the average cost for an asphalt oval track (1/2 mile or 1 mile) is about $3 million per mile.
For example, Talladega Superspeedway in Alabama cost $70 million to build; Dover International Speedway in Delaware was built for $40 million; Nazareth Speedway in Pennsylvania cost $25 million; and Bristol Motor Speedway in Tennessee was constructed for about $25 million.
How much does it cost to build a race track
The cost of building a race track depends on the size of the track, its location and the type of surface: asphalt, concrete or dirt.
Here’s a look at some of the most expensive race tracks ever built.
Circuit Gilles Villeneuve, Montreal: $250 million
Opened in 1978, this 2.71-mile (4.37 kilometers) circuit is located in Montreal and named after Formula One driver Gilles Villeneuve. It hosted its first F1 Grand Prix in 1979 and currently hosts the Canadian Grand Prix every year from June 8 to 10. The track has 12 turns and 11 grandstands with a seating capacity of about 60,000 spectators.
Circuit de Spa-Francorchamps: $200 million
Spa-Francorchamps is one of the most famous circuits in Belgium and hosts races such as Formula One’s Belgian Grand Prix and 24 Hours of Spa endurance race for GT cars and touring cars. It opened in 1921 as an automobile racing circuit but was abandoned during World War II until it reopened in 1952 for motorcycle races only before returning full time in 1953 for both car and motorcycle races until 1973 when it was closed again due to safety concerns; it reopened again in 1984.
It can cost hundreds of millions of dollars to build a race track. The cost depends on the location and the size of the track.
The most expensive race tracks are located in Europe and Asia, because they are built on privately owned land. In North America, race tracks are usually built on government-owned land or leased from private owners.
In some cases, a company will build its own racetrack as part of a marketing strategy. For example, Ferrari built the Fiorano Circuit next to its factory in Italy so that employees could test new cars before they were released to the general public.
Most racetracks are not open to the public except during special events like Formula One Grand Prix weekends or major races like NASCAR Sprint Cup Series races.