Advertisement for opening races (photo courtesy of Indiana Historical Society) |
- Baseball's first World Series would be held five years later in 1903
- The Indianapolis 500 would not be held until 1911
- The National Football League wasn't formed until 1920
- James Naismith invented basketball just 7 years earlier. The National Basketball Association wouldn't come along until after World War II
They say timing is everything, and Newby's timing was terrible. After years of rapid growth, LAW membership peaked in 1898. Automobiles were starting to appear, and they drew attention away from cycling. The facility was used for other purposes as well as bicycle races, but it was never able to generate enough revenue to pay its operating expenses. Demolition on the Newby Oval began just four years after it opened.
So did Arthur Newby declare bankruptcy and die penniless? Oh no - He and three other investors later built the Indianapolis Motor Speedway. In 1915 the state of Indiana was outbid by a lumber company for the property that would become Turkey Run State Park. Newby and the other investors donated money to the state so they could buy it from the lumber company. Newby was a prominent Indianapolis philanthropist and later gave $100,000 to the Riley Children's Hospital. He also donated $50,000 each to Butler University and Earlham College.
Nearly everything is more expensive now than in 1898, but a look at the handbill above shows there are exceptions. Note the part that says "Wheels checked on grounds .... 5 cents." Today, with Pedal & Park, you get that free at many major events in Indianapolis.
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