BRISTOL (press release)—Representatives from the Bristol TN/VA Chamber of Commerce, along with officials from Bristol Motor Speedway and Dragway, have released figures highlighting the positive economic impact the racing complex has had on the region.
According to the combined research, the direct economic impact of Bristol Motor Speedway and Bristol Dragway totaled more than $417 million for 2012 through 2014. This figure was derived from racing and ancillary activities held on-site, charitable events, contributions and tax revenue. The indirect economic impact of the venue totaled more than $1.4 billion moving through the regional economy.
Nestled in the mountains of Northeast Tennessee near the Virginia state line, Bristol Motor Speedway is a 0.533-mile concrete oval race track with 28-degree corner banking, 650-feet straightaways and a 40-foot-wide racing surface. Renowned as “The World’s Fastest Half-Mile,” the short track features two races each year from the NASCAR Sprint Cup Series and NASCAR XFINITY Series, one Monster Truck event and one NASCAR Camping World Truck Series, NASCAR Whelen Modified Tour and NASCAR K&N Pro Series-East race.