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Woodburn Dragstrip opened in June 1961 as an ⅛-mile dragstrip operated by the Multnomah Hot Rod Council and the Northwest Timing Association. In 1963, the track was lengthened to provide for 1/4-mile drag racing. Jim Livingston, who was operating Madras Dragstrip at the time, purchased the Woodburn Dragstrip in a sealed bid in 1972. Jim ran both facilities through the 1975 season, before focusing on Woodburn.
Since 1972, the track has been named NHRA Track of the Year in the Northwest numerous times, including five-in-a-row since 1999. In addition, the track was honored as Business of the Year by the Woodburn Area Chamber of Commerce in 1989, one of the first tracks in the country to receive such an honor.
Woodburn Dragstrip has hosted NHRA regional series (now the Lucas Oil series) events since 1977. It hosts racing events most weekends from March–October, and on Fridays from May–September. The track is said to be on an old airstrip.