Speedway is a small town that is entirely surrounded by the metropolis of Indianapolis. Much as its name suggests, the community is home to the Indianapolis Motor Speedway, the highest-capacity sports venue in the world. The town was founded as a car-friendly area when much of the surrounding area had yet to embrace home garages and wide city streets. Speedway welcomes more than one million visitors to its prominent events each year, and more than 10,000 people live within the confines of the enclave. Residents also benefit from the many attractions of Indianapolis, which sit immediately outside the bounds of Speedway.
Speedway was officially incorporated as a city in 1926, with a distinct city government and local authorities. Much of the local economy revolves around the presence of the racing industry. The Speedway Redevelopment Commission works to encourage future business growth within the area as a means of creating a more stable future for those who call Speedway home.
The Indianapolis Motor Speedway is without a doubt the most important local landmark. The Speedway has featured car races for more than 100 years, and is located only 6 miles from Downtown Indianapolis. The racetrack hosts the Indianapolis 500 each year, which is well-known as one of the top racing events in the world. In addition to the Indianapolis 500, the racetrack hosts several other racing events each year, including the Nascar Brickyard 400. All of these sporting events attract many tourists to the city of Speedway, which helps bolster the revenues of local businesses.
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