The Memphis International Raceway (more commonly known as MIR) was founded in 1986 by Ed Gatlin, who along with a group of investors, bought a 400-acre tract of land within the northeastern section of Shelby County, and built a drag strip with an adjacent road course, including a dirt track and a go-kart track.

The 4,400-foot (1,340 m) drag strip hosts events such as International Hot Rod Association (IHRA) World Finals and Nitro Jam, Professional Drag Racers Association (PDRA), HOT ROD Power Tour, Super Chevy Show, Fun Ford Series and Mega Mopar Action Series.

[4][5][6] It was announced on January 31, 2011, that the deal between Palm Beach International and Dover Motorsports was finalized, and the track re-opened in April 2011.

[12] MIR also picked up the Xtreme Xperience Supercar venue which allows anyone to drive vehicles such as Ferrari's, Lamborghini's, and Audi's around the track for a fee.

[17] The drag strip immediately drew the attention of the NHRA and was awarded a sanction in 1988 as the host site of the Mid-South Nationals.

Ron Hornaday took home his second consecutive Elvis trophy in the last MemphisTravel.com 200 Camping World Truck Series race held at the oval.

A late caution forced a green-white-checkered finish which gave Hornaday the edge on the restart to beat Brian Scott.

*Top Fuel and Funny Car based on 333 yards 1 foot (304.80 m) records under current NHRA regulations.