Phoenix International Raceway has announced plans for a $178 million redevelopment programme to be completed by November 2018.
Phoenix returned to the IndyCar calendar in 2016 after 11 years away in an April slot, and also hosts a number of NASCAR events including the Monster Energy Cup and its support series.
Officials from Phoenix announced on Monday plans for a significant modernisation and redevelopment of the track that would also see the start/finish line be relocated to the straight prior to the current dogleg Turn 2.
"When our project is completed, we will have a venue that delivers amazing fan experiences to go along with our reputation for great racing action,” Phoenix International Raceway president Bryan R. Sperber said.
“By shifting the start/finish line to Phoenix Raceway’s famed dogleg, fans will be perfectly positioned to watch one of the most exciting turns in motorsports. We are confident the Phoenix Raceway Project powered by DC Solar will put racing in Arizona in a whole new and exciting light."
Besides the relocation of the start/finish line, the redevelopment plans include the creation of a kids fans zone, a new pedestrian tunnel and a new grandstand with seating areas that offer wi-fi connectivity.
"This is a great day for ISC and Phoenix Raceway, but more importantly, for racing fans in the state of Arizona and around the world,” Lesa France Kennedy, CEO of International Speedway Corporation, the track's parent company.
“A project of this magnitude is monumental for our company as we get to work enhancing the experience of the great fans who love to watch our races in Phoenix and enjoy this beautiful area.
“Having Phoenix Raceway within our prestigious stable of venues always has been a tremendous asset and source of pride for us. We are thrilled to create a best-in-class facility in Phoenix, and we’re confident it will grow the fan base here and further serve as a destination track for motorsports fans everywhere."
Phoenix also confirmed that it will host IndyCar in 2018 on the April 13-14 weekend, with the renovations set to be completed in time for the 2019 edition of the grand prix.
