Auto Racing

Impact Racing wins latest court battle over safety labels

June 28, 2010
Ruling prevents industry-certification group from breaking contract with Brownsburg-based company founded by Bill Simpson.
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Just Marketing International nabs Formula One deal in India

June 12, 2010
 IBJ Staff
India-based JPSK Sports Private Ltd. hired JMI to provide strategic consulting for the venue that will host the inaugural Formula One Indian Grand Prix in 2011.
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Franchitti earns $2.8 million for Indy 500 win

May 31, 2010
Associated Press
Franchitti's earnings were part of an overall purse of $13,592,815. The paychecks were announced at the annual victory dinner Monday at the Indianapolis Motor Speedway.
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Formula One set for U.S. comeback

May 26, 2010
 IBJ Staff and Bloomberg News
Formula One, which hasn't conducted a U.S. race since 2007 in Indianapolis, plans to return to the United States in 2012 with an event at a new track in Austin, Texas.
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Sweeping new rules await Indy 500, insiders predict

May 22, 2010
Anthony Schoettle
An overhaul of the Indianapolis 500 and Indy Racing League, possibly as soon as 2012, could take the legendary race back to its roots as a bellwether of automotive innovation. Engine and chassis rules for the 500 might be greatly loosened, encouraging the kind of technological innovation that made the race famous.
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BENNER: Speedway's centennial becomes a crossroadsRestricted Content

May 15, 2010
Bill Benner
Just two years ago, the future seemed as bright for the Indy Racing League. But that was then. This is now.
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State job fair part of Speedway's May festivities

April 26, 2010
Scott Olson
The central Indiana WorkOne Center is teaming with the Indianapolis Motor Speedway to present Career Day @ the Brickyard, an event that mixes job searching with racing.
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George courting F1 again, but maybe not for Indy

April 24, 2010
Anthony Schoettle
Tony George, who was Indianapolis Motor Speedway and Indy Racing League chairman until last June, was in China for several days this month to attend F1's Chinese Grand Prix in Shanghai April 18 at the invitation of F1 boss Bernie Ecclestone.
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Television ratings jump for Indy Racing League's Long Beach race

April 24, 2010
 IBJ Staff
Ratings for the first three races of the 2010 season have grown 67 percent over last year.
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Penske signs deal with Shell to sponsor three Indy Racing League drivers

April 24, 2010
 IBJ Staff
The new deal includes associate sponsorship of Penske’s Indy Racing League drivers Helio Castroneves, Will Power and Ryan Briscoe.
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Impact Racing reaches agreement over safety labels

April 1, 2010
Kathleen McLaughlin
Bill Simpson's Impact Racing LLC reached an agreement Thursday with an industry-certification group that will allow the company to continue selling race car safety gear made this year and last.
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Impact Racing accused of counterfeiting safety labels

April 1, 2010
Kathleen McLaughlin
A group that sets standards for motorsports equipment intends to yank its approval of gear produced by Impact Racing, the Brownsburg company owned by industry pioneer Bill Simpson, amid allegations of counterfeiting.
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Formula One boss eyes New York for grand prix

March 25, 2010
 IBJ Staff and Associated Press
Bernie Ecclestone appears to be interested in widening the racing series' reach in the U.S., with recent negotiations to return to Indianapolis and now wishing aloud for a New York-based grand prix.
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Speedway, F1 discussing race's return to Indianapolis

March 15, 2010
Scott Olson
Officials from the Indianapolis Motor Speedway and Formula One say they're in discussions to bring a Formula One race back to the city. F1 left the city in 2007 after an eight-year run.
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Indy Racing League still trying to turn a profitRestricted Content

March 13, 2010
Anthony Schoettle
Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011 and be profitable by 2012 despite myriad challenges facing open-wheel racing.
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Local motorsports marketing firm eyeing Asia

March 3, 2010
Just Marketing International in Zionsville plans to establish a presence in either Singapore or Hong Kong this year, to bolster its global presence.
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Local racing-simulator firm declares bankruptcy

March 2, 2010
Anthony Schoettle
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
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Local marketing firm inks deal with Jeff Gordon

February 15, 2010
Anthony Schoettle
Just Marketing International signs NASCAR star Jeff Gordon to a contract sports business experts say is a multimillion dollar deal for the local firm.
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Patrick's stock-car foray wins sponsor big-dollar exposure

February 12, 2010
Anthony Schoettle
Danica Patrick's initial thrust into stock-car racing earned her sponsor $230,000 in media exposure, according to a research firm. Her next race on Feb. 13 should generate much more.
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Bull-riding boss takes reins of Indy Racing League

February 2, 2010
The CEO of the Professional Bull Riders Association has accepted an offer to lead the Indy Racing League. The IRL has been without a leader since Tony George was ousted last summer as boss of the Indianapolis Motor Speedway.
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Tony George folds racing team, dismisses staff

January 28, 2010
Anthony Schoettle
Unable to raise the $1.5 million to $3 million needed to operate an Indy Racing League team this year, Tony George folded Vision Racing this morning.
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Bull-riding CEO mulling offer to lead IRL

January 28, 2010
Anthony Schoettle
Indy Racing League goes outside racing circles to look for new CEO. Professional Bull Riders Association boss offered job to replace Tony George.
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Tony George resigns from Speedway, IRL board

January 19, 2010
Anthony Schoettle
His resignation removes George from any remaining role in Hulman & Co., Indianapolis Motor Speedway, IMS Productions and other affiliated companies.
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Indy Racing League vice president resigns

January 16, 2010
 IBJ Staff
Tony Cotman, 42, has vacated his post as Indy Racing League vice president of competition.
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Indianapolis Motor Speedway negotiating deal with Levy Restaurants

January 16, 2010
 IBJ Staff
The Chicago-based firm might take over food service at the Speedway as IMS continues to look for opportunities to outsource.
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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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