SBT TV – The U.S. 500 was an automobile race sanctioned by CART on May 26, 1996 at the Michigan International Speedway as an alternative to the 1996 Indianapolis 500. Tony George, owner of the Indianapolis Motor Speedway, formed the Indy Racing League as an alternative to CART. While the Indianapolis 500 had continued to be sanctioned by USAC since the formation of CART in 1979, CART teams and drivers represented the vast majority of the Indy field, and USAC had taken steps to ensure that the t…