IMS looks to state for support

Westside

Discussion

February 11, 2013

IMS looks to state for support

Anonymous CNHI The Hendricks County Flyer Mon Feb 11, 2013, 01:05 PM EST

INDIANAPOLIS —

The Indianapolis Motor Speedway Corporation announced Friday its support for proposed legislation in the Indiana General Assembly focused on strengthening the state’s position as the “Racing Capital of the World” and creating benefits for economic development in the tourism, hospitality and motorsports industries.

State Senator Michael Young (R-Speedway) was expected to introduce legislation Monday which will create an Indiana Motorsports Investment District that will capture state sales, income and corporate taxes at the commercial property that includes IMS for future investment in the Speedway.

“IMS is an enormous, 100-year-old facility. In addition to the many annual projects to maintain it, we need to make the Speedway more flexible, more modern and better positioned to attract more fans to IMS and Indiana,” said Jeff Belskus, Indianapolis Motor Speedway Corporation president and chief executive officer, said in a press release. “In addition to funding contributed by IMS, the Motorsports Investment District will use dollars generated at IMS to enable the fan experience at the Speedway to continue to be the most enjoyable in motorsport.”

According to the legislative proposal, at least $70 million in significant capital improvements would be made at IMS, using funding from a new Indiana Motorsports Investment District and investments made by the Indianapolis Motor Speedway. Potential projects that could be implemented by IMS because of this legislation include installing lights for night events at the 2.5-mile oval, the addition of high-definition video boards, LED scoring and information boards, technological upgrades designed for increased fan communication, structural renovations to stands, upgrades to seating and restrooms, and infrastructure improvements to parking, tunnels, gates and fan access points.

IMS officials indicated that the Motorsports Investment District as proposed would not financially impact the local school funding formula because it would not be funded through property tax collections.

Text Only

Westside

Indianapolis champions lung cancer cause
Local residents are fueling the national movement to double lung cancer survival at the inaugural Free to Breathe Indianapolis Run/Walk June 22 at Fort Harrison State Park in Indianapolis.

The event will feature a 5k run/walk and 1-mile walk, followed by a rally, tot trot, silent auction, and family activities. Proceeds from the event support the National Lung Cancer Partnership’s programs dedicated to doubling lung cancer survival by 2022.

June 18, 2013
City accepting nominations for Access and Inclusion Awards
The mayor’s Advisory Council on Disability (MACD) recently announced they are now accepting nominations of individuals, businesses, and organizations for its annual Access and Inclusion Awards. Deadline for nominations is June 21.

June 18, 2013
Energy pipeline firm adds jobs in Indy
Miller Pipeline, LLC, a company specializing in pipeline installation, announced plans to expand its headquarters in Indianapolis, creating up to 48 new jobs by 2016.

June 18, 2013
BPD searches for potential serial robber
Brownsburg Police Department officers were ensconced in search efforts Tuesday morning when the Finer Things location in the Main Street Shoppes center was robbed around 10 a.m.

June 18, 2013 1 Photo
DialAmerica opens contact center in Indianapolis
DialAmerica, one of the nation’s largest privately held teleservices companies, recently announced the opening of its Indianapolis contact center at 4030 Vincennes Road.

The 42,012 square-foot facility expands the company’s U.S. footprint to 24 contact centers across 13 states.

June 18, 2013
White River Arts & Music Fest to debut
A major new festival known as The White River Arts & Music Festival (WARMfest) recently announced that its inaugural three-day event would take place on Labor Day Weekend Aug. 31 through Sept. 2 at Broad Ripple Park in Indianapolis. WARMfest will bring together several key Indianapolis cultural groups including Indy Parks & Recreation, Indie Arts & Vintage Marketplace, and Broad Ripple Music Fest. A portion of the proceeds from the event will benefit the Carl G. Fisher Society, a non-profit whose goal is to restore the waterfront of Broad Ripple.

June 18, 2013
New design galleries to open at IMA
Officials with the Indianapolis Museum of Art have announced new contemporary design galleries set to open Nov. 21 after a three-year, multi-phase renovation project.

June 18, 2013
White Rabbit to showcase burlesque show
Celebrated performer Donna Touch will bring her Chicago burlesque showcase, “Original Tease,” June 22 to the White Rabbit Cabaret.

June 18, 2013
HRH anti-gravity treadmill aids in young patient’s therapy
Kyle Law is a normal 15-year-old Ben Davis High School student in many ways. He enjoys playing basketball and football with his friends and is looking forward to his summer break.

June 18, 2013 3 Photos
Blue Star Salute honors military vets and their families
The eighth annual Indiana Blue Star Salute wasn’t just an opportunity to thank military veterans for their service, but the sacrifices made by their families as well.

June 17, 2013 4 Photos
More Westside Headlines

Westside

Search Results

Discussion

IMS looks to state for support

Is Eric Snowden a traitor or patriot?

Site Map