Business and city officials said the center has elevated the intersection, which is one of the most recognizable in the city.

It underwent a major renovation in 2016, led by Phoenix-based Vintage Partners, aiming to bring the center back to its midcentury-modern roots but create a destination for modern customers.

Phoenix Raceway, the home of the Cup Series Championship race, is a spitfire — one mile of asphalt, color and fury. It has borne witness to a number of NASCAR greats past and present ...