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Probably means Free Market Republican Roger Penske will remain on the public dole with the $100 million “loan” indefinitely as well …
Check your “facts.”
Ah, always delightful when someone gets out of the wrong side of bed and climbs on the key board to let the world know where his politics lie.
I am a conservative. There is nothing conservative about giving tax payer money to Irsays, Simons, and Hulmans, which is now going to Penske. Roger could live up to conservative ideals and forego diverting tax dollars to pay for upgrades to the ostensibly private speedway. Eric P, which fact is incorrect?
IBJ May 11, 2013Indiana
Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
Pence had earlier expressed concerns about the funding plan for the home of IndyCar’s Indianapolis 500 and NASCAR’s Brickyard 400. But after signing the measure Friday, he said in a prepared statement that the Speedway loan is a state investment that “will further economic development in the motorsports industry while also protecting the interests of Hoosier taxpayers.”
He also said the Speedway has contributed to Indiana’s economy for more than a century and has enhanced the state’s “global reputation.”
The law will direct growth in sales and income tax collections from the track and a new ticket fee toward paying off the loan over 20 years.
Roger might just pay the debt off early. Not that I am a fan of loaning money to (M) Billionaires. There is a ROI.
Not sure what investments they made with a 100 million other than the Project 100 work not sure that was a 100 mil.
Great move! Mark can lead anything that is worthy of his leadership!