NASCAR committed to building a Hall of Fame and on March 6, 2006, the City of Charlotte was selected as the location, though Atlanta and Daytona Beach were also considered. The facility opened May 11, 2010 and the inaugural class was inducted the day after the 2010 NASCAR Spring All-Star Race.
Because of stock car racing's roots in and wealth of famous drivers from North Carolina, Charlotte was considered the favorite by many fans and commentators. There are many NASCAR offices in the area and many teams in the three major NASCAR series (Monster Energy NASCAR Cup Series, Xfinity Series and Gander Outdoors Truck Series) totaling over 73% of motorsports employees in the United States, in what the committee called "NASCAR Valley."
The hall of fame has four floors that you can visit. On the first, which is below ground, you'll find the Belk High Octane Theater where they play a primer video for first time visitors. The second floor contains the Great Hall (often called the Times Square of the hall) where rotating exhibits are staged. There is also a 33-degree banked ramp with 18 cars known as Glory Road and a television studio , "Studio 43", named in honor of Richard Petty's car number.
The Hall of Honor, simulators, and Race Week Experience can all be found on the third floor. Finally, on the fourth floor you'll find the Heritage Speedway where you can find artifacts from the entire history of NASCAR.
Former drivers must have been active in NASCAR for at least 10 years and retired for at least three. Starting with the 2015 Hall of Fame nominations that were voted in the 2014 nomination process, the three-year rule is waived for drivers who compete in 30 or more years in NASCAR-sanctioned competition or turn 55 years of age. The rule applies to all NASCAR-sanctioned competitions; some drivers in the Hall of Fame did not participate in what is now the Monster Energy NASCAR Cup Series.
Non-drivers must have been involved in the industry at least ten years. Some candidates with shorter careers will be considered if there were special circumstances.