Indianapolis 500

BENNER: IndyCar must kiss the past goodbye, embrace bold ideasRestricted Content

May 4, 2013
Bill Benner
Robin Miller pronounced the idea of a season-ending race on the Speedway’s road course as the dumbest of all the dumb things that have happened over the years. I respectfully disagree.
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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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Miles hits throttle on overhaul for IndyCar, IMSRestricted Content

March 30, 2013
Anthony Schoettle
Hulman & Co. CEO Mark Miles is revving up an ambitious plan to overhaul the IndyCar Series and Indianapolis Motor Speedway management team. He wants to develop a revenue-sharing plan that assures the series and the tracks that host its races are motivated to roll in the same direction.
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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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Tax break would barely put dent in Speedway's to-do listRestricted Content

February 16, 2013
Anthony Schoettle
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
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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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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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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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IndyCar confronts 'defining moment'Restricted Content

November 3, 2012
Anthony Schoettle
The IndyCar Series is approaching a three-pronged fork in the road, and the path its leaders choose will have long-lasting implications for the Indianapolis Motor Speedway and Indianapolis 500.
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IndyCar execs say distractions mask progressRestricted Content

October 6, 2012
Anthony Schoettle
IndyCar Series officials insist the open-wheel circuit is on the right track despite a drop in its television ratings, tepid attendance and persistent rumors that it will be sold and its CEO will be fired.
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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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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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BENNER: Indy 500 still a passion play for the paying customerRestricted Content

May 31, 2012
Bill Benner
For this Indy guy, there is nothing that says Indy—or Indiana—like the Indy 500.
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Reports of owner discord circulate around IndyCar CEO Bernard

May 31, 2012
Associated Press
A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.
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Franchitti earns nearly $2.5 million for Indy 500 win

May 29, 2012
Associated Press
Dario Franchitti landed $2,474,280 from an overall purse of $13,285,815 for Sunday's victory. The four-time series champion from Scotland became just the 10th driver to win IndyCar's signature event at least three times.
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Indy 500 in the books, but heat isn't a record

May 27, 2012
Associated Press
Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.
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Ganassi Racing dominates as Franchitti wins 3rd Indy 500

May 27, 2012
Associated Press
Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.
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IMS officials hope new cars boost attendance, TV ratingsRestricted Content

May 19, 2012
Anthony Schoettle
Gearheads are sure to be excited over the new engine and chassis package at the Indianapolis 500 this year, but IMS and IndyCar Series officials hope the highly publicized changes will be enough to grab the attention of more casual fans and create an attendance and TV ratings boost.
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New ads reflect IMS' more-aggressive sponsorship mindsetRestricted Content

May 19, 2012
Anthony Schoettle
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
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AT THE TRACK: Day of practice leaves room for improvement

May 17, 2012
Mason King
At track watch video practiceIBJ follows driver E.J. Viso and his team of engineers and mechanics during a sometimes-frustrating practice day at the Speedway.
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AT THE TRACK: Viso ready to hit higher gear

May 15, 2012
Mason King
Viso_Watch_VideoThe 26-year-old Venezuelan driver E.J. Viso hopes this year's Indy 500 will be his next step toward a breakout season, propelled by greater patience, a new race engineer and the tutelage of Jimmy Vasser.
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Dollar General to sponsor Newgarden in Indy 500

April 24, 2012
Associated Press
Newgarden has been impressive through the first three races this season, and started on the front row of last week's race at Long Beach.
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IndyCar brings in outsider as new race director

January 4, 2012
Anthony Schoettle
American Le Mans Series race director Beaux Barfield on Wednesday took the hot seat as the IndyCar Series' new chief race official.
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Patrick confirms full-time move to NASCAR in 2012

August 25, 2011
Associated Press
After months of skirting speculation, Danica Patrick announced Thursday that she's leaving IndyCar in 2012 to run a full Nationwide schedule. She didn't rule out a return to open-wheel racing for the Indianapolis 500.
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IndyCar appears poised to drop Milwaukee raceRestricted Content

June 25, 2011
 IBJ Staff
IndyCar Series CEO Randy Bernard is considering taking the open-wheel series to the Road America road course in Elkhart Lake, Wis., for 2012. That race could replace the Milwaukee race, which Bernard said faces a 50-percent chance of being eliminated.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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