Auto Racing

IndyCar deal creates series-branded insurance plan

January 5, 2011
Anthony Schoettle
Open-wheel race series signs three-year sponsorship pact with Dallas-based Global Corporate Alliance.
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Post office issuing Indianapolis 500 anniversary stamp

December 28, 2010
Anthony Schoettle
Ray Harroun, winner of the 1911 Indianapolis 500, will be featured on a U.S. postage stamp this year to commemorate 100 years of racing at the famed Brickyard.
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Ganassi locating two new race teams in Brownsburg

December 16, 2010
Izod IndyCar Series team owner will invest $3.3 million and create up to 30 jobs. Ganassi plans to begin hiring employees immediately to prepare for the start of the 2011 season.
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Izod claims 350-percent return from IndyCar Series

December 4, 2010
Anthony Schoettle
Izod officials said that in 2010, Izod brand awareness increased 10 percentage points, brand familiarity rose 16 percent among 25- to 35-year-old men, and digital impressions increased 20 percent over 2009.
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Penske signs Meijer to multiyear sponsorship dealRestricted Content

December 4, 2010
 IBJ Staff
The Meijer grocery store chain will join Penske as a sponsor of its three-car IndyCar Series program, beginning with the 2011 season.
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Racing equipment maker Simpson testing helmets for footballRestricted Content

November 27, 2010
Anthony Schoettle
Bill Simpson, one of the biggest names in motorsports safety, is getting involved in the crusade to make a better football helmet and reduce the number of concussions in the National Football League.
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GM's move to IndyCar could cost up to $50 million

November 10, 2010
Anthony Schoettle
Heavy investments in research and development, testing and marketing will be needed for the Detroit-based automaker to keep up with Honda.
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Speedway bolsters staff as Indy 500 centennial nearsRestricted Content

November 6, 2010
Anthony Schoettle
IMS hires former Goldsmith aid Doug Boles to drum up interest, ticket sales in tough environment for motor racing.
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Sam Schmidt Motorsports moves into Tony George's former shop

November 6, 2010
 IBJ Staff
Old Vision Racing HQ gives Schmidt team room to expand.
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Danica Patrick again voted most popular by IRL fans

October 30, 2010
 IBJ Staff
The awards were determined by votes of fans at IRL events throughout the season and on indycar.com.
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Speedway adds car show to Indy 500 schedule

October 7, 2010
Associated Press
Speedway officials announced a classic car show would kick off the events for the 100th anniversary of the first race.
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Indy Racing League near big sponsorship deal

September 30, 2010
Anthony Schoettle
Fresh off signing deal with Brazilian coffee maker, Indy Racing League executive promises much bigger sponsorship announcement within two weeks.
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Filmmaker Low planning Indy 500 movie for IMAX 3D

September 14, 2010
 IBJ Staff
The award-winning filmmaker behind such giant-screen gems as “The Ultimate Wave” and “Super Speedway” is developing an IMAX 3D movie focused on the Indianapolis 500-Mile Race and the evolution of motorsports.
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Indy Racing League signs deal with Verizon

September 11, 2010
 IBJ Staff
Financial terms of the deal were not released, but industry sources said the multiyear deal is valued at $1 million annually for the open-wheel race series.
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Indianapolis hot rod event still on trackRestricted Content

August 28, 2010
Anthony Schoettle
The National Hot Rod Association has had to go into fuel conservation mode during the recent economic downturn, but the California-based drag racing series seems to have come through the recession in better shape than many of its motorsports brethren.
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Speedway, MotoGP extend contract for another year

August 27, 2010
Associated Press
Shortly after this year's first Indianapolis MotoGP practice started Friday, Indianapolis Motor Speedway CEO Jeff Belskus said the two sides had agreed to a one-year contract extension that will bring the event back for a fourth year in 2011.
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Local racing-fuel supplier expands territory to 26 states

August 26, 2010
Scott Olson
National Biofuels Distribution LLC, a subsidiary of Carmel-based Telamon Corp., signs two distribution contracts to expand its distribution reach. The company began marketing its ethanol-based racing fuel, Ignite, about a year ago.
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Brickyard decline not good for IRL

July 31, 2010
Anthony Schoettle
Motorsports insiders think the Brickyard 400’s declining fortunes will hasten the Hulman-George family’s decision on the future of the Indy Racing League, which the NASCAR race has helped subsidize.
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Hoosier Tire legal victory has broad implications

July 31, 2010
 IBJ Staff
The Lakeville-based company won a victory in the antitrust case brought by Pittsburgh-based Specialty Tires of America, which objected to exclusive contracts for the supplying of racing tires.
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Declining attendance forcing Speedway to make changes

July 28, 2010
Associated Press
Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.
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City inks long-term deal with motorsports show

July 21, 2010
Scott Olson
An agreement with the International Motorsports Industry Show will keep it in the city indefinitely. Attendance for the three-day December convention is expected to top 20,000.
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LEADING QUESTIONS: Racing promotions require big drive

July 21, 2010
Mason King
ZakBrown_WatchVideoMotorsports marketer Zak Brown, once a driver, feeds his competitive fire in the board room, and believes big egos are good for business.
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Dallara plans $7M facility in Speedway for IndyCar

July 14, 2010
 IBJ Staff and Associated Press
The racing company's only operations outside of Italy could create more than 80 new jobs in the Indianapolis area.
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Indy Racing League set to announce new chassis

July 14, 2010
Anthony Schoettle
Racing insiders say Dallara and Lola are frontrunners to become the new Indy Racing League chassis providers.
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Indy Racing League signs Avis as new sponsor

July 3, 2010
 IBJ Staff
Avis will take an active role in promoting the series through e-mail campaigns, displays at select airports, and other large-scale promotions, company officials said.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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