Indianapolis Motor Speedway

'Turbo' off to slower-than-expected start at box office

July 23, 2013
 IBJ Staff, Bloomberg News
The Indianapolis-based IndyCar Series and open-wheel racing enthusiasts were hoping the movie would create a buzz about the sport, but interest has fallen short of expectations so far.
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Animated film 'Turbo' could give racing a boost

July 15, 2013
Associated Press
A new DreamWorks Animation movie centers on the Indianapolis 500. It's a dream come true for the IndyCar Series, which can't buy a break in halting its slide in public interest.
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Boles named Speedway president, faces major challenges

July 9, 2013
Anthony Schoettle

The Indianapolis Motor Speedway's new president must navigate a number of tests, most notably how to save the MotoGP race and how to bolster the Brickyard 400 NASCAR race.

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Indy 500 ticket renewals up despite price hikeRestricted Content

June 29, 2013
Anthony Schoettle
Indianapolis Motor Speedway officials say they’ve seen no adverse sales impact from a risky move to raise ticket prices for the 2014 Indianapolis 500 by about 15 percent—the first price increase in almost a decade.
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Indy 500 fans will find track security tighter this year

May 24, 2013
Associated Press
Fans coming to the Indianapolis Motor Speedway for this weekend's Indy 500 will notice some changes in the traditional routine in response to last month's bombing at the Boston Marathon.
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ESPN counting on story lines to sell Indy 500

May 21, 2013
Associated Press
There is no shortage of compelling story lines accompanying Sunday's race, leaving television executives feeling confident about another bump in viewership this year.
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Pence signs $100 million Speedway funding bill

May 10, 2013
Associated Press
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
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Speedway state funding plan approved by lawmakers

April 27, 2013
Associated Press
The Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved by Indiana legislators.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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Local racing team on verge of calling it quits after 500

April 26, 2013
 IBJ Staff and Associated Press
Carmel-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.
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Lawmakers forge deal to help Indianapolis Motor Speedway

April 26, 2013
 The Statehouse File
The 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.
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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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Officials express confidence in Indy 500 security plan

April 16, 2013
Associated Press
Indianapolis 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.
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House OKs IMS bill, despite dispute over funding source

April 15, 2013
 The Statehouse File
A 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.
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Plan would shift money from horse racing to auto racing

April 9, 2013
 The Statehouse File
The 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.
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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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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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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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BENNER: Think of Speedway's tax push as a request for reimbursementRestricted Content

February 16, 2013
Bill Benner
I don't begrudge the Speedway asking for help. But will there be additional return on investment?
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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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IMS seeks state help for $70M in upgrades

February 9, 2013
 IBJ Staff
A 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.
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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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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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