Jim Khougaz campaigned his '32 roadster successfully at El Mirage from 1946-1950. At first, it was a dual-purpose street and lakes car, but by 1949, with a tank full of methanol and a full bellypan, it could top 140 mph. It was sold in pieces to a dentist in Indiana in 1995. It has since been restored.
The banner on the garage roof is obviously an enlargement of the photo linked below.
Former Home of the Khougaz Roadster
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By Parabellum @ 2008-11-13 17:06:21
http://www.rmauctions.com/CarDetails.cfm?SaleCode=RW09&CarID=r208&Currency=USD