Progress on the 126-room Wilshaw, at the southeast corner of Main and 16th streets, has been stalled since early July while Indianapolis-based developer Loftus Robinson awaits the release of its first loan installment to finance the project.
Mark Miles, who has led Hulman & Co. since 2012, said: “We have the opportunity now to try to take it to a whole other level. I’ve had no thought of doing anything else.”
The Indianapolis Motor Speedway announced Tuesday that it has struck a multi-year naming rights deal for the Grand Prix of Indianapolis.
The legendary race-team owner who is about to buy Indianapolis Motor Speedway leaves little to chance. He’s even been known to oversee the placement of a sponsor decal on a racecar.
The acquisition of Hulman & Co. will give Penske Corp. control of about 37% of all the land in Speedway, making the company the town’s single-largest landowner. Roger Penske said he wants to take advantage of that land.
Podcast host Mason King talked with Penske about his vision for some 950 acres in Speedway, and chats with Speedway Town Manager Jacob Blasdel and local developer Mike Wells about the possibilities.
Despite IndyCar’s modest progress in recent years, it still faces significant obstacles, including the need for more corporate sponsorships, a broader fan base and higher TV ratings.
The 110-year-old speedway is one of the most famous venues in sports and home of the Indianapolis 500, a showcase event with a long history.
Tony George turned to racing legend Roger Penske after deciding he was uneasy striking a deal with media giant Liberty Media, sources said.
Once the Hulman-George clan decided it was time to sell the family keepsake, could you think of anyone better? Anyone at all? Roger Penske has the magic name and the money and the expertise and credibility and the track record—both on and off the track.
Roger Penske—whose Penske Corp. is buying Hulman & Co. and its racing operations—said he’d also like to bring a third car manufacturer to IndyCar and maintain IMS’s relationship with NASCAR.
A deal that will make Penske Corp. the owner of Indianapolis Motor Speedway and the IndyCar Series received overwhelmingly positive reactions from motorsports insiders on Monday morning.
The late timing of the McLaren decision puts popular IndyCar driver James Hinchcliffe in a difficult position for finding a consistently competitive ride.
Ask Miles about his wide-ranging resume, and he compares it to Forrest Gump’s.
Drivers Scott Dixon and Will Power both said IndyCar’s new aeroscreen was fit for racing during the first extensive test session for the cockpit protection that will debut next season.
The 7th Circuit Court of Appeals on Wednesday ruled against Karma International LLC, which in 2016 hosted a Maxim men’s magazine-themed party for the 2016 IndyCar race that lost more than $420,000, according to the court.
The last time motorcycles competed at IMS was in August 2015, when the Red Bull Indianapolis Grand Prix ended an eight-year run at the track’s road course.
Advance sales for the race at Indianapolis Motor Speedway topped 50,000 tickets, but walk-up business was limited by a threat of rain on Sunday.
Kevin Harvick won his first Brickyard 400 since 2003, but Jimmie Johnson came up short in his quest to remain the only driver to make every NASCAR playoff since the format was adopted in 2004.
In recent years, the Brickyard 400 has seen dismal attendance, but track officials say better weather and more events should boost crowds at this year’s race.
