That industry eventually declined, and the area as a whole also declined as a result. But then starting in the 1980s, it started to be revitalized, and quickly became the primary nightlife / party area of Tampa. Today, the main street through Ybor, 7th Avenue, is lined with bars, restaurants, and clubs, and on Saturday nights in particular, is packed with drunken revelers.
But who cares? It literally does not matter
The Daytona 500 peaked at 10 million viewers last year.
St. Augustine is the oldest, continually-inhabited, european-founded city in the continental United States... probably. Which is so many qualifiers that it's not even worth asking. Not to mention the fact that it elides native and Puerto Rican history, which are already stories that are too often ignored.
Therefore the Miami F1 race is bigger or "more famous" than Daytona 500
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