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Speedway sets agenda for $140M in improvements

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The Indianapolis Motor Speedway says it is ready to start several improvement projects using $100 million in state assistance.

Track officials say approval on Tuesday by Indiana Motorsports Commission will allow it to move ahead on arranging financing for the projects, which are projected to cost about $140 million.

Modifications include the repaving and reconfiguration of the track's road course that was done this fall. A new scoring pylon and new video screens are planned for next spring.

Other planned projects include grandstand, seating, restroom and concession improvements, and better wireless access. Officials say they've decided against spending an estimated $20 million to add lights for night races.

The project will add an apron in the four turns of the oval to be used for NASCAR events in an effort to increase competition.

State legislators in April approved the assistance plan directing growth in sales and income tax collections from the track and a new ticket fee toward paying off the $100 million loan over 20 years.

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  • What a shock
    What a shock. The taxpayers foot the bill to renovate a property owned by multi-millionaires who will not use their own money.
  • No Lights?!?
    I thought the underlying point of all these renovations was to add lights to introduce night races into the schedule, either for NASCAR or IndyCar. With all the other renovations they're contemplating, why not add the lights to at least get a potential new source of revenue?
  • Tax the poor
    In the great state of Indiana, AGAIN our tax dollars go to support the wealthy while the poor go without medical care.

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  1. Choice between a democrat and a question mark? Take the question mark. We have all seen what the democrats will do.

  2. Its easy to blame workers. What about the Management of the Mill. Its not smart in business to not have a back up plan. Workers are afforded sick days in most cases. Union or not. Whether drunk partying, or a real sickness. Why would you as a businessman/woman not have a rotation of workers incase this happens. This is not an exclusive union protection. If the company can prove bad intentions on the part of any union employee. They can take action. Most CBA's have a 3 strike policy. Just like most Non-union company policies. You should read a CBA sometime. There are protections for companies too. Unions understand that businesses need to make money. If they don't, the union's member won't have a place to work.

  3. My kids play hockey on the North side and we have been very happy with the youth program. More Ice would create more opportunity for kids to pay this great sport. With 3 rinks that would also create more figure skating opportunities. What better gift to give your kids than a sport they will love!

  4. Naah, only Indy place fans were robbed of seeing Zanardi race. CART fans saw his amazing talents just about every weekend. And F1 fans saw him too. Zanardi didn't care he wasn't at Indy, neither do 99.18% of other race fans world wide. And CART fans are quite pleased of the domination of their drivers and owners have had at Indy, in the IRL, and in the current Indycar series....almost 99.18% of the time since 2000 Indy 500. I respect Zanardi, but his life goes on without Indy. Sucks to be you Capt.

  5. So let me get this right: gun permits online are fraud proof, but voting is as easy as 1-2-3.--But at least we agree that someone without a photo ID cannot be trusted with a gun.

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