Auto Racing

Senate OKs Indianapolis Motor Speedway funding plan

February 19, 2013
Associated Press
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
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Longtime Indianapolis Motor Speedway exec departing for Austin trackRestricted Content

February 16, 2013
Mel Harder had been with the Speedway for 22 years, most recently overseeing operations and facilities management for the famed Brickyard.
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Bill to support Speedway with state taxes passes committee

February 14, 2013
Anthony Schoettle
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
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Speedway businesses eye gains from IMS upgrade

February 11, 2013
 IBJ Staff
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
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Speedway agrees to major overhaul in ADA settlement

January 10, 2013
Scott Olson
The Indianapolis Motor Speedway will make millions of dollars in updates to settle a Department of Justice investigation that found more than 360 violations of federal disability law.
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2012 NEWSMAKER: Miles adds to diverse business, sports career

December 28, 2012
 IBJ Staff
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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Deal to save racing show had many twists, turnsRestricted Content

December 8, 2012
Anthony Schoettle
In a matter of a few months, operators of the Performance Racing Industry show and its upstart rival, the International Motorsports Industry Show, went from being bitter rivals to merging—a deal that will return the world’s largest motorsports trade show to Indianapolis next December.
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IndyCar releases Lotus from engine-supply contract

December 7, 2012
Associated Press
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.
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Study: Motorsports industry contributes 23,000 jobs

December 6, 2012
Scott Olson
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
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Miles faces tough challenge in reversing IndyCar's fortunesRestricted Content

November 24, 2012
The new CEO of Hulman & Co. gets an early vote of confidence from sponsors of open-wheel racing.
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Speedway, IndyCar owner names Miles as new CEO

November 20, 2012
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
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Belskus to serve as interim IndyCar CEO after Bernard's exit

October 28, 2012
 IBJ Staff and Associated Press
Jeff Belskus, the president of Indianapolis Motor Speedway, and the president and CEO of Hulman & Co., will step in as interim CEO of the IndyCar Series, replacing Randy Bernard.
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Bernard ousted as CEO of IndyCar, sources say

October 26, 2012
Anthony Schoettle
IndyCar Series owners have fired CEO Randy Bernard, sources familiar with the situation told IBJ on Friday afternoon. IndyCar officials are denying the firing.
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George cites conflict of interest in resigning from Hulman board

October 19, 2012
Associated Press
IndyCar founder Tony George resigned Friday from the Hulman & Co. board of directors, citing a conflict of interest in his recent attempt to reacquire the series.
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George reportedly submits offer to buy IndyCar

October 12, 2012
Anthony Schoettle
Tony George has offered a seven-figure cash proposal to take over operations and assume future losses for the IndyCar Series.
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IndyCar denies getting offer from George to buy series

October 1, 2012
Scott Olson
The Sports Business Journal is reporting that former Indianapolis Motor Speedway CEO Tony George has assembled an investor group that includes race team owners Chip Ganassi, Roger Penske, Michael Andretti and Kevin Kalkhoven to buy the IndyCar Series.
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Founder of Hoosier Racing Tire dies at 85

September 28, 2012
Associated Press
Robert Newton, 85, the founder of northern Indiana-based Hoosier Racing Tire, which made tires for NASCAR and other racing series, has died.
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IndyCar exploring tire options beyond Firestone

September 25, 2012
Associated Press
IndyCar said Tuesday it is exploring partnerships with tire manufacturers besides Bridgestone Firestone, which has been the sole supplier for the series and under contract through the 2014 season.
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IndyCar may return open-wheel racing to Pocono

September 25, 2012
Anthony Schoettle
The 2013 IndyCar Series schedule could include a date at Pocono Raceway in Long Pond, Pa., a traditional NASCAR stronghold that hasn’t hosted an open-wheel race in 23 years.
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Rain threatens weekend activities, including big NHRA race

August 30, 2012
Scott Olson
Officials say they hope the aftermath of Hurricane Isaac won't force them to postpone weekend festivities at Lucas Oil Raceway. Another big weekend event, Rib Fest America at Military Park, will be held rain or shine, promoters say.
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Kellogg's rolls out IndyCar-branded cereal nationwideRestricted Content

August 18, 2012
Anthony Schoettle
Direct-to-consumer marketing of star drivers could be just what the series needs to boost interest, TV ratings.
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Brickyard 400 profitable despite falling crowds, experts say

July 30, 2012
Anthony Schoettle
Despite sharp attendance declines in recent years at the Brickyard 400, the NASCAR event remains hugely profitable for the Indianapolis Motor Speedway, motorsports industry experts say.
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Lotus may leave IndyCar one year into five-year deal

July 27, 2012
Anthony Schoettle
Group Lotus Plc is considering leaving the IndyCar Series as an engine supplier at the end of this season—its first as a part of a five-year deal it signed last year to supply turbo engines to IndyCar teams.
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MORRIS: Young racers aspire to big league

July 14, 2012
Greg Morris
USAC’s quarter-midget racing is a popular sport worth your attention.
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IndyCar seeks presenting sponsor, bigger schedule

July 3, 2012
Anthony Schoettle
IndyCar Series officials have approached two of its existing sponsors, Verizon Wireless and Firestone, about becoming the open-wheel race series’ presenting sponsor, a deal motorsports business experts said could be worth $3 million annually.
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  1. Why not take some time to do some research before traveling to that Indiana town or city, and find the ones that are no smoking either inside, or have a patio? People like yourself are just being selfish, and unnecessarily trying to take away all indoor venues that smokers can enjoy themselves at. Last time I checked, it is still a free country, and businesses do respond to market pressure and will ban smoking, if there's enough demand by customers for it(i.e. Linebacker Lounge in South Bend, and Rack and Helen's in New Haven, IN, outside of Fort Wayne). Indiana law already unnecessarily forced restaurants with a bar area to be no smoking, so why not support those restaurants that were forced to ban smoking against their will? Also, I'm always surprised at the number of bars that chose to ban smoking on their own, in non-ban parts of Indiana I'll sometimes travel into. Whiting, IN(just southeast of Chicago) has at least a few bars that went no smoking on their own accord, and despite no selfish government ban forcing those bars to make that move against their will! I'd much rather have a balance of both smoking and non-smoking bars, rather than a complete bar smoking ban that'll only force more bars to close their doors. And besides IMO, there are much worser things to worry about, than cigarette smoke inside a bar. If you feel a bar is too smoky, then simply walk out and take your business to a different bar!

  2. As other states are realizing the harm in jailing offenders of marijuana...Indiana steps backwards into the script of Reefer Madness. Well...you guys voted for your Gov...up to you to vote him out. Signed, Citizen of Florida...the next state to have medical marijuana.

  3. It's empowering for this niche community to know that they have an advocate on their side in case things go awry. http://www.youtube.com/watch?v=Lrst9VXVKfE

  4. Apparently the settlement over Angie's List "bundling" charges hasn't stopped the practice! My membership is up for renewal, and I'm on my third email trying to get a "basic" membership rather than the "bundled" version they're trying to charge me for. Frustrating!!

  5. Well....as a vendor to both of these builders I guess I have the right to comment. Davis closed his doors with integrity.He paid me every penny he owed me. Estridge,STILL owes me thousands and thousands of dollars. The last few years of my life have been spent working 2 jobs, paying off the suppliers I used to work on Estridge jobs and just struggling to survive. Shame on you Paul...and shame on you IBJ! Maybe you should have contacted the hundreds of vendors that Paul stiffed. I'm sure your "rises from the ashes" spin on reporting would have contained true stories of real people who have struggled to find work and pay of their debts (something that Paul didn't even attempt to do).

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