Plans for the construction of Homestead Miami Speedway started in 1992 when Ralph Sanchez put forth a plan to revitalize Homestead in the aftermath of Hurricane Andrew. The South Florida track opened on November 3, 1995 after just two years of construction. Eight years later, the speedway underwent a $12 million re-banking project that transformed the variable banking system at turns from 6-degrees to 18-to-20 degrees. In November 2005, the track completed the construction of Turn 1 tower which houses the Champions Club. In 2009, Homestead Miami Speedway unveiled a new, state-of-the-art, 90-foot scoring tower that stands 158 feet above sea level.