Auto Racing

Fastenal sponsorship deal draws NASCAR contractsRestricted Content

August 17, 2013
Anthony Schoettle
Vending machines aren’t the only reason the Fastenal brand is resonating.
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IMS considers dropping MotoGP event for new sports-car raceRestricted Content

August 10, 2013
Anthony Schoettle
The upcoming MotoGP motorcycle race could be the last at the Indianapolis Motor Speedway, as NASCAR officials lobby instead for a stand-alone race for a newly merged sports-car series.
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Anderson Speedway fights bill for overdue taxes

August 1, 2013
Associated Press
Madison County officials say the company that owns the race track owes $125,000 in overdue property taxes. The Speedway believes it has been charged too much.
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Earnhardt still in the market for primary sponsor

July 26, 2013
Associated Press
Dale Earnhardt Jr. is not only looking for his first win of the season, he's still hunting for a big-bucks sponsor for 12 Sprint Cup races this season.
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'Turbo' off to slower-than-expected start at box office

July 23, 2013
 IBJ Staff, Bloomberg News
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
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Speedway making security changes for Brickyard 400

July 22, 2013
Associated Press
Indianapolis Motor Speedway officials say they're working on ways to make sure fans for this weekend's race don't face the same long security lines that frustrated many at the Indianapolis 500 in May.
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Animated film 'Turbo' could give racing a boost

July 15, 2013
Associated Press
A new DreamWorks Animation movie centers on the Indianapolis 500. It's a dream come true for the IndyCar Series, which can't buy a break in halting its slide in public interest.
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Boles named Speedway president, faces major challenges

July 9, 2013
Anthony Schoettle

The Indianapolis Motor Speedway's new president must navigate a number of tests, most notably how to save the MotoGP race and how to bolster the Brickyard 400 NASCAR race.

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Out-of-the-way club caters to members' need for speed

June 29, 2013
Anthony Schoettle
Successful professionals that double as weekend race warriors and gear heads are drawn to a racetrack and club on the edge of the middle of nowhere by their love of cars and need for speed.
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Suit: Menard pressured Tomisue Hilbert for sexual favors

June 15, 2013
J.K. Wall
The lawsuit charges Tomisue Hilbert's rejection of the billionaire is the real reason he launched a bitter battle to remove her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.
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TV ratings droop near all-time low for Indy 500

May 28, 2013
 IBJ Staff and Associated Press
ABC-TV's telecast of the Indianapolis 500 on Sunday earned a 3.7 rating nationwide, one of the race's worst ratings performances in recent history.
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Mechanic sues Fisher team for alleged harassment

May 28, 2013
Associated Press
A former mechanic for Sarah Fisher/Hartman Racing says in a lawsuit that he was fired after he complained that a crewmate was sexually harassing him.
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ESPN counting on story lines to sell Indy 500

May 21, 2013
Associated Press
There is no shortage of compelling story lines accompanying Sunday's race, leaving television executives feeling confident about another bump in viewership this year.
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Zak Brown turns down IndyCar CEO job

May 14, 2013
Associated Press
Brown said he instead will relocate in July to England to continue the growth of his Zionsville-based agency, Just Marketing International.
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Pence signs $100 million Speedway funding bill

May 10, 2013
Associated Press
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
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Attorneys rev engines on racing circuits for relaxation

May 1, 2013
Marilyn Odendahl
Lawyers are traditionally known as hard-chargers, but these Indianapolis attorneys spend their weekends jockeying for position as pro- and semipro-level auto racers.
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Speedway state funding plan approved by lawmakers

April 27, 2013
Associated Press
The Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved by Indiana legislators.
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Local racing team on verge of calling it quits after 500

April 26, 2013
 IBJ Staff and Associated Press
Carmel-based Panther/Dreyer & Reinbold Racing, a company that was in expansion mode as little as two years ago, plans to close shop after the Indy 500 if it can't find a new sponsor.
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Lawmakers forge deal to help Indianapolis Motor Speedway

April 26, 2013
 The Statehouse File
The plan authorizes the state to loan the Speedway $100 million—money it will borrow through bonds—to make the grandstands more accessible to people with disabilities and to install lights for night races.
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Marketing firm's founder mulls top IndyCar job, company sale

April 19, 2013
Anthony Schoettle
Spire Capital Partners has put its 50-percent stake in Zionsville-based Just Marketing International on the market, as the company's founder, Zak Brown, reportedly mulls accepting an offer to be CEO of the IndyCar racing series.
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Officials express confidence in Indy 500 security plan

April 16, 2013
Associated Press
Indianapolis Motor Speedway officials and Indiana State Police feel good about their security plan for this year's Indy 500 and won't remove trash cans from the track in response to deadly blasts at the Boston Marathon.
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Plan would shift money from horse racing to auto racing

April 9, 2013
 The Statehouse File
The move—debated Monday in the Indiana House Ways and Means Committee—is meant to subsidize upgrades at the Indianapolis Motor Speedway and make low-interest loans available to other auto tracks and businesses across the state.
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Indy Motor Speedway to charge for infield parking spots

March 25, 2013
Associated Press
Passes for parking inside the third turn for the Indianapolis 500 and Brickyard 400 NASCAR race went on sale Monday. Front-row parking spaces cost $75 while additional general parking spaces will sell for $25.
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Speedrome gains momentum with sponsorship deals

March 20, 2013
Anthony Schoettle
At a time when sports sponsorships in general and motorsports sponsorships in particular aren't easy to score, the 72-year-old Speedrome has announced five such pacts in the last month.
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Daytona 500 gets green light despite horrific accident

February 23, 2013
Associated Press
Daytona International Speedway President Joie Chitwood said the track will "be ready to go racing" in time for Sunday's Daytona 500, following an accident Saturday that injured fans and drivers.
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  1. Kent's done a good job of putting together some good guests, intelligence and irreverence without the inane chatter of the other two shows. JMV is unlistenable, mostly because he doesn't do his homework and depends on non-sports stuff to keep HIM interested. Query and Shultz is a bit better, but lack of prep in their show certainly is evident. Sterling obviously workes harder than the other shows. We shall see if there is any way for a third signal with very little successful recent history to make it. I always say you have to give a show two years to grow into what it will become...

  2. Lafayette Square, Washington Square should be turned into office parks with office buildings, conversion, no access to the public at all. They should not be shopping malls and should be under tight security and used for professional offices instead of havens for crime. Their only useage is to do this or tear them down and replace them with high rise office parks with secured parking lots so that the crime in the areas is not allowed in. These are prime properties, but must be reused for other uses, professional office conversions with no loitering and no shopping makes sense, otherwise they have become hangouts long ago for gangs, groups of people who have no intent of spending money, and are only there for trouble and possibly crime, shoplifting, etc. I worked summers at SuperX Drugs in Lafayette Square in the 1970s and even then the shrinkage from shoplifting was 10-15 percent. No sense having shopping malls in these areas, they earn no revenue, attract crime, and are a blight on the city. All malls that are not of use should be repurposed or torn down by the city, condemned. One possibility would be to repourpose them as inside college campuses or as community centers, but then again, if the community is high crime, why bother.

  3. Straight No Chaser

  4. Seems the biggest use of TIF is for pet projects that improve Quality Of Life, allegedly, but they ignore other QOL issues that are of a more important and urgent nature. Keep it transparent and try not to get in ready, fire, Aim! mode. You do realize that business the Mayor said might be interested is probably going to want TIF too?

  5. Gary, I'm in complete agreement. The private entity should be required to pay IPL, and, if City parking meters are involved, the parking meter company. I was just pointing out how the poorly-structured parking meter deal affected the car share deal.

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