It was originally built by local farmer B. L. Marchbanks, and named after himself. The track began as a half mile dirt track. It was later paved as a 1.4-mile, high-banked racetrack also hosted speed runs for watercraft in an infield lake, much as Lake Lloyd at the Daytona International Speedway does today.
Three NASCAR races where held at the track. The first race was held on the dirt track in 1951. Danny Weinberg won his only NASCAR race. Marvin Porter won the race on the 1.4 mile paved course in 1960. The NASCAR race record was set March 12, 1961, when Fireball Roberts led all 178 laps of a 250-mile race, hosted at the track. He finished two laps ahead of the second place driver.