Today I bought some thin 4 mm ply which will be set into a 75 x 25 mm frame and rest on a 25 mm sq ledge.
Actual track space 38" x 72" built into two trays that will be hinged so they fold over enclosing the track
for storage. Overall 'packed size' will be 40" x 38" and just over 6" deep.
As we intend to allow children to drive we've decided on just two ovals, no points.
Here's how far I've got since getting home at 11 am with wood.

One frame almost ready to be screwed together.
Geoff T.