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Indianapolis Motor Speedway
Pence signs $100 million Speedway funding bill
May 10, 2013
Associated PressIndiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for
planned improvements.
MoreSpeedway state funding plan approved by lawmakers
April 27, 2013
Associated PressThe Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved
by Indiana legislators.
MoreSpeedway's Speed Zone redevelopment project in high gear
April 27, 2013
Anthony SchoettleSome goals have been realized, while others are moving through the pipeline.
MoreLocal racing team on verge of calling it quits after 500
April 26, 2013
IBJ Staff and Associated PressCarmel-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.
MoreLawmakers forge deal to help Indianapolis Motor Speedway
April 26, 2013
The Statehouse FileThe 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.
MoreMarketing firm's founder mulls top IndyCar job, company sale
April 19, 2013
Anthony SchoettleSpire 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.
MoreOfficials express confidence in Indy 500 security plan
April 16, 2013
Associated PressIndianapolis 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.
MoreHouse OKs IMS bill, despite dispute over funding source
April 15, 2013
The Statehouse FileA bill to help pay for $100 million in improvements at the Indianapolis Motor Speedway passed the House on Monday—but
only on its second try, as some lawmakers expressed frustration about tapping horse racing money for the projects.
MorePlan would shift money from horse racing to auto racing
April 9, 2013
The Statehouse FileThe 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.
MoreMiles hits throttle on overhaul for IndyCar, IMS
March 30, 2013
Anthony SchoettleHulman & 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.
MoreIndy Motor Speedway to charge for infield parking spots
March 25, 2013
Associated PressPasses 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.
MoreSenate OKs Indianapolis Motor Speedway funding plan
February 19, 2013
Associated PressA plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval
from the Indiana Senate.
MoreTax break would barely put dent in Speedway's to-do list
February 16, 2013
Anthony SchoettleThe 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.
MoreBENNER: Think of Speedway's tax push as a request for reimbursement
February 16, 2013
Bill BennerI don't begrudge the Speedway asking for help. But will there be additional return on investment?
MoreLongtime Indianapolis Motor Speedway exec departing for Austin track
February 16, 2013
Mel Harder had been with the Speedway for 22 years, most recently overseeing operations and facilities management for the
famed Brickyard.
MoreBill to support Speedway with state taxes passes committee
February 14, 2013
Anthony SchoettleThe 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.
MoreSpeedway businesses eye gains from IMS upgrade
February 11, 2013
IBJ StaffNearby 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.
MoreIMS seeks state help for $70M in upgrades
February 9, 2013
IBJ StaffA state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales,
income and corporate taxes for future investment in the Speedway.
MoreSpeedway agrees to major overhaul in ADA settlement
January 10, 2013
Scott OlsonThe 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.
More2012 NEWSMAKER: Miles adds to diverse business, sports career
December 28, 2012
IBJ StaffVeteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial
footing.
MoreNew Hulman & Co. CEO eyes changes to resurrect open-wheel racing
December 8, 2012
Anthony SchoettleNew Hulman and Co. CEO Mark Miles will focus in his new role on all of Hulman & Co.’s ventures—including real
estate holdings and Clabber Girl. But his biggest challenge will be turning around the money-losing IndyCar Series and bolstering
one of the region’s most famous landmarks—the Indianapolis Motor Speedway.
MoreStudy: Motorsports industry contributes 23,000 jobs
December 6, 2012
Scott OlsonPurdue 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.
MoreMiles faces tough challenge in reversing IndyCar's fortunes
November 24, 2012
The new CEO of Hulman & Co. gets an early vote of confidence from sponsors of open-wheel racing.
MoreSpeedway, 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.
MoreIndyCar confronts 'defining moment'
November 3, 2012
Anthony SchoettleThe 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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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.
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?
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!
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.
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.