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Speedway sets agenda for $140M in improvements

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The Indianapolis Motor Speedway says it is ready to start several improvement projects using $100 million in state assistance.

Track officials say approval on Tuesday by Indiana Motorsports Commission will allow it to move ahead on arranging financing for the projects, which are projected to cost about $140 million.

Modifications include the repaving and reconfiguration of the track's road course that was done this fall. A new scoring pylon and new video screens are planned for next spring.

Other planned projects include grandstand, seating, restroom and concession improvements, and better wireless access. Officials say they've decided against spending an estimated $20 million to add lights for night races.

The project will add an apron in the four turns of the oval to be used for NASCAR events in an effort to increase competition.

State legislators in April approved the assistance plan directing growth in sales and income tax collections from the track and a new ticket fee toward paying off the $100 million loan over 20 years.

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  • What a shock
    What a shock. The taxpayers foot the bill to renovate a property owned by multi-millionaires who will not use their own money.
  • No Lights?!?
    I thought the underlying point of all these renovations was to add lights to introduce night races into the schedule, either for NASCAR or IndyCar. With all the other renovations they're contemplating, why not add the lights to at least get a potential new source of revenue?
  • Tax the poor
    In the great state of Indiana, AGAIN our tax dollars go to support the wealthy while the poor go without medical care.

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  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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