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Top business moments in Daytona 500 history

1957
Construction begins on a new 2.5-mile speedway that will become the site for “The Great American Race.”
1959
Lee Petty wins the inaugural Daytona 500 in a finish so close it takes three days to determine the champion. For those three days, though, the Daytona 500 dominates the news and the race itself becomes the unwitting beneficiary of the controversial finish. Eleven of the 59 cars in the field have sponsorship, including businesses named Honest Charley, Shorty’s, Idlewild Homes and Delta Auto Sales. Tickets to the inaugural event go for $5.

The finish for the first Daytona 500was too close to call.
1966
Attendance jumps from 58,682 in 1965 to 90,000 in 1966. Attendance has never again fallen below 90,000. (Current track officials say expansion details are cloudy through the 1960s, so they could not provide specifics on expansion projects).
1969
Attendance cracks the 100,000 mark as 101,800 pack the speedway for the 500.
1979
CBS broadcasts the first live NASCAR race flag to flag, an event that is often credited with propelling the sport beyond its regional roots and into the nation’s conscience. A thrilling race and the infamous fight between drivers Cale Yarborough and the Allison brothers, Donnie and Bobby, result in compelling TV for the hordes of viewers who are snowed in, thanks to a blizzard that blankets much of the Northeast. The year’s race also introduces in-car cameras to television coverage.
1980
The Daytona 500 ups the ante by offering its first $1 million purse.
Late 1980s
The speedway builds the Winston Tower, five levels of upgraded seats and suites with a view clear to the Atlantic Ocean.
1991-93
For the first time, the track sells a presenting sponsorship for the Daytona 500. The event is known as the Daytona 500 by STP, part of a three-year sponsorship agreement.
1994
The number of grandstand seats grows to more than 100,000 in the first year of track president John Graham’s administration. During Graham’s tenure from 1994-2001, the speedway expands its seating to 167,800, where it remains today. From 1996 to 2000, during the heart of NASCAR’s popularity growth, grandstand seating booms by 33.6 percent.
1996
The speedway begins giving track tours, an idea that is met with such enthusiasm that ISC executive vice president Lesa France Kennedy creates Daytona USA, a themed attraction designed to give fans a year-round Daytona 500 experience. Not coincidentally, the name of the facility was changed in 2007 to Daytona 500 Experience.
Mid-1990s
For 30 years, fans park right behind the grandstands at the speedway. That begins to change through the mid-1990s as Daytona creates more areas for corporate hospitality. Now the speedway offers multiple hospitality villages all around the track.
1999
At the start of the decade, Daytona claimed 41 suites, but that number more than doubles by 1999, when the speedway debuts 22 new suites to push the track’s total to 100.

The 1999 Daytona500 gets under wayduring the heart ofNASCAR’s growth.
2001
The first $10 million Daytona 500 is held, pushing the event past the Brickyard 400 in Indianapolis as the best-paying NASCAR Cup race, a title it still holds.
2001
Dale Earnhardt, the sport’s greatest star, dies in a last-lap crash. Even years after his death, Earnhardt’s merchandise remains among the best-selling licensed goods in the sport.

Driver Ken Schrader walks over tocheck on Dale Earnhardt following theircrash in the 2001 Daytona 500.
2005
The Sprint FanZone opens, giving NASCAR fans a unique viewpoint from above the garage area. As part of a $60 million infield improvement project, the speedway also opens the luxurious Daytona 500 Club, the Goodyear Legends of Daytona exhibit and a new Gatorade Victory Lane, a surge in business that includes the signing of 10 new corporate sponsors.

Sprint FanZone
2007
The track sells title sponsorship to Speedweeks for the first time in its history. DirecTV, which also introduces its subscription-only HotPass package at the 500, buys the title rights as part of a three-year deal valued in the low seven figures annually.
2007
ISC and the Cordish Co. announce plans to build Daytona Live!, a $250 million mixed-use development on 71 acres across from the speedway. It will include condominiums, townhomes, 200,000 square feet of retail and dining, a 2,500-seat multiscreen theater and a 160-room hotel. NASCAR and ISC offices also will be housed in the development, which is expected to open in 2009.

Daytona Live!
2008
The 50th running of the Daytona 500.
— Compiled by Michael Smith

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