Indianapolis Motor Speedway

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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Judge orders Clear Channel to sell key Speedway parcel

April 30, 2012
Scott Olson
The town of Speedway will pay Clear Channel $189,000 for its interest in a key piece of property near the Indianapolis Motor Speedway.
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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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Are corporate gift policies inhospitable?Restricted Content

April 21, 2012
Anthony Schoettle
Sober times have made no-no's of many of the perks that once greased business relationships.
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Tony George Jr. new boss of IndyCar feeder series

March 20, 2012
Anthony Schoettle
The changes to the Indy Lights series continue a management overhaul begun by IndyCar Series CEO Randy Bernard late last fall.
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IndyCar's new big wheels steer series toward futureRestricted Content

March 17, 2012
Anthony Schoettle
With the loss of two of its biggest stars after last season, the IndyCar Series faces a stiff challenge ramping up its television ratings, attendance and overall financial fortunes. Marc Koretzky is among the fresh faces driving series toward profitability.
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Hulman & Co. adds heavy-hitters to board

March 8, 2012
Anthony Schoettle
Hulman & Co. has added four prominent businessmen to its board of directors. The move marks the second major addition to its board in 13 months.
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BENNER: List of best sports palaces had just one Hoosier entryRestricted Content

March 3, 2012
Bill Benner

On a recent list of great sports venues, The Indianapolis Motor Speedway was not included. Are you kidding me?

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Super Bowl events put spotlight on IndyCar

February 1, 2012
Anthony Schoettle
Fans and media outlets have flocked to NFL-themed IndyCars and Indianapolis Motor Speedway this week, giving the open-wheel series and its biggest race millions of dollars worth of exposure at a critical time.
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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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Fisher’s IndyCar team building headquarters in Speedway

December 15, 2011
Scott Olson
Sarah Fisher Hartman Racing plans to build a $2.7 million facility on Speedway's new Main Street to house her race team. Construction on the 37,000-square-foot shop could start in February and be finished in September.
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Newman-Haas race team leaving IndyCar in 2012

December 2, 2011
Associated Press
Newman-Haas Racing, the team started by late actor Paul Newman, has decided it will not compete in 2012. It's the first time since 1982 Newman-Haas will not field an open-car team.
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Speedway hosts meetings about potential for electric car racing seriesRestricted Content

October 29, 2011
 IBJ Staff
The three-day conference looked at such things as design plans and technical infrastructure for electric racing vehicles, and preliminary business plans for such a series.
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Formula One cars to race in New Jersey in 2013

October 25, 2011
Formula One cars are scheduled to race through the streets of New Jersey in 2013, F1 CEO Bernie Ecclestone said. The last U.S. race was at the Indianapolis Motor Speedway in 2007.
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Speedway leader named CEO of Hulman & Co.

September 9, 2011
Directors appointed Jeffrey G. Belskus president and CEO of the Terre Haute-based company effective Oct. 1. Hulman & Co. is the family owned firm that oversees the Indianapolis Motor Speedway and IndyCar Series, as well as Clabber Girl Baking Powder and other holdings.
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MotoGP race-day attendance up; three-day total down

August 29, 2011
Anthony Schoettle
Speedway officials expect an announcement within 30 days about whether the MotoGP race will be held in Indianapolis in 2012.
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City expects weather to boost MotoGP's economic impact

August 26, 2011
Anthony Schoettle
Sunny, mild weather could provide a 15-percent increase to the economic impact of this weekend's MotoGP events. Motorsports business experts said the city could see a $30 million impact.
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IndyCar extends deal to keep races on ABC

August 10, 2011
Terms of the agreement call for the network to televise five races each year through 2018, including the Indianapolis 500.
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IMS officials to revamp Brickyard 400Restricted Content

July 30, 2011
Anthony Schoettle
Indianapolis Motor Speedway CEO Jeff Belskus has an ambitious plan to “rebrand and reposition” the 18-year-old Brickyard 400 in a bid to fuel big attendance increases beginning next year.
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Crown Royal signs on as Brickyard 400 title sponsor

July 28, 2011
Anthony Schoettle
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
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Loss of race long-term pain, but short-term gain for track

July 18, 2011
Anthony Schoettle
Officials for Lucas Oil Raceway in Clermont say ticket sales for July 30's NASCAR Nationwide race are up significantly since the July 6 announcement that the race will move to Indianapolis Motor Speedway next year.
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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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Electric vehicles gain traction in regionRestricted Content

June 4, 2011
Chris O'Malley
Indianapolis has one of the highest concentrations of plug-in electric vehicle drivers in the nation, an industry official says.
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Stunning crash at end gives Wheldon 500 victory

May 29, 2011
Associated Press
Rookie JR Hildebrand made the ultimate mistake with his very last turn of the wheel, crashing into the wall and sliding across the finish line.
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Speedway's new generation makes markRestricted Content

May 28, 2011
Anthony Schoettle
While the Indianapolis Motor Speedway revels in its centennial this month and motorsports aficionados take a nostalgic look back, the next generation of heirs to the Hulman George fortune has its eyes firmly fixed on the future.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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