Financed by local businessmen, the speedway cost $380,000. Nearly 30,000 spectators attended the inaugural event in October 1924, which was won by Tommy Milton.[1] A fatal accident had occurred in practice for the 250-mile race when Ernie Ansterburg lost control of his car at 106 miles per hour (171 km/h).[3]
The May 1925 event drew 55,000 people, but attendance figures had dwindled to 7,500 by November 1926[1] when the AAA national championship trail visited the track for the third time that season.[2][4] The final races were held in September 1927.[1][2] Today, the Southland Industrial Park is situated at the former site of the racing plant, which Charlotte Motor Speedway has replaced as the area's predominant racing venue.[1]