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Penske’s purchase of IMS, IndyCar Series isn’t panacea for taxpayers needing the fake conservatives that run the government in Hoosierland to quit giving away millions to millionaires like the Hulmans and multi-billionaires like Penske
Eric, do you have the slightest idea what you are talking about? I don’t think so; what evidence do you have that Hoosier governance is “giving away millions” to these people?
Your apparent hatred for anything Hooser is clouding your eyesight.
My guess is that Eric is talking about the $100M loan that the State made to IMS that will be “paid back” with tax revenues associated with the track. Conservatives generally don’t support the government providing such incentives.
Another good article by Anthony that provides a more-balanced assessment of the purchase.
Bob P., Mike M. is correct. I am talking about the $100 million loan that diverts tax dollars from police, fire, schools, etc. and to the track owners. I wouldn’t complain about this or any TIF-like creature if I (and any taxpayer) could divert my property tax dollars from those items above to fix my roof, get a new TV, etc.