Surprise Announcement: CEO of Eldora Tony Stewart Set to Buy Off Iconic ‘Mini Eldora’ Racetrack From Business Partner Despite…

Federated Auto Parts Raceway at I-55, affectionately given the nickname by NASCAR veteran Ken Schrader as the “Mini Eldora,” has been a Midwest dirt racing jewel since 1974. With its high-banked, 1⁄3-mile dirt oval, the Pevely Missouri track has hosted legendary events like the Ironman 55 and the World of Outlaws Sprint Car Series. For decades, the racetrack thrived under the ownership of Schrader and his longtime business partner, Ray Marler. But not for long, it seems…

Recently, the dirt racing world was stunned to learn that the owners had decided to pass the torch, ensuring the racetrack would continue its legacy under fresh leadership. However, it wasn’t a decision made lightly.

“It’s just time”: The sale to Josh Carroll

In a surprising turn of events, Tony Stewart, the NASCAR Hall of Famer and CEO of Eldora Speedway, is set to purchase Federated Auto Parts Raceway at I-55, often referred to as “Mini Eldora,” from his longtime business partner, Ken Schrader. Many in the racing community had expected Josh Carroll to take the reins and uphold the track’s legacy, but Stewart’s acquisition signals a bold new direction for the storied dirt oval.

A Major Shift in Ownership

Federated Auto Parts Raceway at I-55, located in Pevely, Missouri, has been a staple in the dirt racing world, hosting premier events such as the World of Outlaws Sprint Car Series. Schrader, a veteran NASCAR driver and dirt racing icon, has played a crucial role in the track’s success, making it a beloved destination for fans and competitors alike.

Initially, Josh Carroll was seen as the logical successor to Schrader’s ownership, having played a key role in track operations in recent years. However, Stewart’s deep ties to the dirt racing world and his proven success with Eldora Speedway in Ohio made him an attractive candidate to take I-55 to the next level.

Tony Stewart’s Vision for “Mini Eldora”

Stewart, who has turned Eldora Speedway into one of the premier dirt racing venues in the country, sees massive potential in I-55. His vision reportedly includes:

Enhanced Event Lineup: The possibility of bringing Eldora-style events to I-55, including high-profile sprint car and late model races.

Facility Upgrades: Improved fan experience with new amenities, grandstand enhancements, and expanded pit areas.

Bigger Prize Payouts: Potential increases in race purses to attract top-tier talent.

What This Means for Ken Schrader & Josh Carroll

Schrader, who has owned and managed the track for years, is expected to step back from day-to-day operations but may remain involved in an advisory role. While many expected Carroll to inherit the track’s leadership, Stewart’s arrival changes the landscape. Carroll’s future role remains uncertain, but he has expressed support for Stewart’s ability to elevate I-55’s status.

What’s Next?

With Stewart at the helm, Federated Auto Parts Raceway at I-55 is likely to see a surge in national recognition, bigger events, and significant investment. The official transition of ownership is expected to be finalized before the 2025 racing season, setting the stage for a new era at “Mini Eldora.”