Monday, January 10, 2011

O'Reilly Raceway Park now known as Lucas Oil Raceway

O'Reilly Raceway Park now known as Lucas Oil Raceway: Lucas Oil Products has expanded its visibility at Indianapolis-area sports sites, adding naming rights to a motor sports facility to go with a football stadium. Forrest Lucas' company acquired rights to O'Reilly Raceway Park in Clermont. It's now known as Lucas Oil Raceway. Lucas secured the rights to Lucas Oil Stadium, home to the Indianapolis Colts, in 2008. Built as Indianapolis Raceway Park six decades ago, the facility is home to drag racing's most prestigious event, the Mac Tools U.S. Nationals, held Labor Day weekend. The oval track on the property has NASCAR Nationwide and Camping World Truck Series races in July and an assortment of U.S. Auto Club and ARCA races. Terms of Lucas' multiyear contract with NHRA, which owns the facility, were not revealed. In the stadium deal, Lucas agreed to pay $120 million over 20 years. Lucas, a former truck driver, founded the company, which produces premium lines of oils, greases and automotive additives, in 1989. It is based in Corona, Calif., with a bottling facility in Corydon, Ind. In addition to sponsoring traditional race cars, Lucas Oil is involved in seemingly everything in motor racing, from boats to motorcycles to monster trucks and tractor pulls. Its other racetracks are in Wheatland, Mo., and Blythe, Calif. In 2010, Lucas and his wife, Charlotte, purchased the Hilbert mansion in Carmel for $3 million.(Indianapolis Star)(1-10-2010)




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