Motorsports

Declining attendance forcing Speedway to make changes

July 28, 2010
Associated Press
Three days after witnessing the smallest Brickyard 400 crowd in the race's 17-year history, Indianapolis Motor Speedway CEO Jeff Belskus said he intends to cut ticket prices for about 75 percent of fans at next year's race.
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City inks long-term deal with motorsports show

July 21, 2010
Scott Olson
An agreement with the International Motorsports Industry Show will keep it in the city indefinitely. Attendance for the three-day December convention is expected to top 20,000.
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Dallara plans $7M facility in Speedway for IndyCar

July 14, 2010
 IBJ Staff and Associated Press
The racing company's only operations outside of Italy could create more than 80 new jobs in the Indianapolis area.
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Indy Racing League set to announce new chassis

July 14, 2010
Anthony Schoettle
Racing insiders say Dallara and Lola are frontrunners to become the new Indy Racing League chassis providers.
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Indy Racing League signs Avis as new sponsor

July 3, 2010
 IBJ Staff
Avis will take an active role in promoting the series through e-mail campaigns, displays at select airports, and other large-scale promotions, company officials said.
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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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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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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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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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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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Motorsports park proposed for southwest side of Indy

March 6, 2010
 IBJ Staff
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on 36 acres near Interstate 465 and Mann Road.
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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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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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Tony George ousted after nearly 20 years leading IMS

December 26, 2009
Anthony Schoettle
Faced with the need to save money, the six-member board of the IMS and IRL voted on May 26 to replace George.
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Racing industry trade shows won't conflict in 2010

December 19, 2009
 IBJ Staff
The Performance Racing Industry Show has set its 2010 dates for Dec. 9-11. That means the International Motorsports Industry Show held in Indianapolis will have Dec. 1-3 to itself.
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Camaro to pace Indianapolis 500 again

December 18, 2009
Anthony Schoettle
The 2010 Chevrolet Camaro SS will be the official pace car for next May's Indianapolis 500. It'll be the sixth time a Camaro has paced the race.
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Speedway slashes schedule of May activities

December 15, 2009
Anthony Schoettle
Belt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement that the Brickyard's "month of May" activities will be shortened in 2010.
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Fledgling motorsports show growing faster than expectedRestricted Content

December 12, 2009
Anthony Schoettle
The show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance Racing Industry Show, is considering competing with the local show head-on in 2010.
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Danica Patrick's NASCAR move could fuel MainGate growth

December 12, 2009
 IBJ Staff
MainGate holds an exclusive license to make and sell Patrick’s IRL-centric merchandise, and is now in negotiations with New York-based IMG to get part of her NASCAR-related business.
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Motorsports industry show to stay here through 2015

December 5, 2009
 IBJ Staff
The inaugural show opened Dec. 2 at the Indiana Convention Center, and is expected to draw more than 10,000 attendees.
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Sarah Fisher Racing triples size of race shop on city's west side

December 5, 2009
 IBJ Staff
The team moved just a few suites down from its Park 100 facility, but officials said it’s a big move for the Indianapolis-based Indy Racing League operation.
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IRL loses public relations vice president, Speedway hires first-ever CIO

November 28, 2009
 IBJ Staff
Race track's new chief information officer previously worked at NCAA, Indianapolis Museum of Art.
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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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