Indianapolis Motor Speedway and State Government and Auto Racing and Government & Economic Development and Government and Sports Business

Speedway sets agenda for $140M in improvements

December 11, 2013

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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