On this day in 1988, the historic Bonelli House, once a hallmark of early Valley history, was reduced to rubble.

The home of the Saugus Speedway in the 22500 block is being proposed for a 35-acre housing development, one of two items expected on the commission’s July agenda when it’s released July 12.

Ray Wilkings, who had been the general manager at the then recently closed Saugus Speedway, thought the former landfill near the 210 and 605 freeways would be a good place for a race track.

“That teaches you racing right there,” said Ron Hornaday Jr., who began his career driving stock cars at Saugus Speedway and went on to become a four-time champion in NASCAR’s Craftsman ...