Hendricks County Flyer, Avon, IN

Breaking News

Westside

February 12, 2013

State should help IMS

IndyCar fields growing

For almost a century the Indianapolis Motor Speedway has been the biggest draw in terms of tourism dollars in Indiana and now it is requesting some public assistance to enhance that impact.

IMS officials are hoping the Indiana General Assembly will pass legislation creating a motorsports investment district to help offset a projected $100 million investment to the facility.

The investment district would capture the state sales and income taxes — projected at $5 million per year — to help pay off bonds meant for installing lights around the 2.5 mile oval, upgrade video screens, and improved seating and compliance with federal disabled accessibility requirements.

With the state providing $5 million per year, IMS would still provide $2 million of the funding on an annual basis.

IMS has never sought funding or tax breaks from Indiana or the city of Indianapolis, always paying its own way. The other sports entity in the state capital not to ask for tax dollars are the Indianapolis Indians, which footed the cost for Victory Field.

Over the years, the legislature has provided funding for new stadiums for the Indianapolis Colts, basketball arenas for the Indiana Pacers and improvements to the Indiana Convention Center and the Colts practice facility.

Those funds are filtered through the Capital Improvement Board to the tune of $16 million per year.

Should IMS receive approval from the legislature, it will continue to pay property taxes to Marion County and the city of Speedway and I’m quite sure it’s a healthy sum.

The Northwest Indiana Business Quarterly reported in 2011 that the IMS and the Indianapolis 500 contributed more than $727 million to the state’s economy. Purdue University estimated the Indianapolis 500 brings in $336 million to the state’s economy while the home games of the Indianapolis Colts generates $104 million.

Lighting the 2.5 mile IMS oval can only draw more fans to Indianapolis. Fans that will spend money on food, entertainment, lodging and fuel.

Text Only
Westside
  • Footlite Musicals concludes 2013-14 season with 'Nine' Critics have described the musical "Nine," running May 2-4, 8-10, 15-18 at Footlite Musicals, as "lush/hypnotic" and "a true piece of arm come to life onstage." Footlite's production will be presented at the Hedback Community Theater, 1847 N. Alabama

    April 22, 2014

  • Indy Zoo sponsors recycling event With Earth Day just around the corner, the Indianapolis Zoo is inviting area residents to do something kind for Mother Earth by participating in Power Recycling Weekend, presented by Ingram Micro, from 9 a.m. to 3 p.m. April 26 and 27 in the zoo park

    April 22, 2014

  • Sun King Brewery set to unveil 'Cara Mia' Broadway in Indianapolis and Sun King Brewery announce the creation of "Cara Mia," a Sun King seasonal beer, in conjunction with the arrival of "The Addams Family" in Indianapolis. The kegs will be tapped from 6 to 8 p.m. April 23 at The Glossbrenner

    April 22, 2014

  • WSF 4-22 news puppy pitstop pic 1 Puppy Pitstop comes to Speedway SPEEDWAY -- A new doggy daycare has made its debut in Speedway and has already been a big hit with locals in three weeks it's been open. Puppy Pitstop is owned by four animal-loving families who wanted to save the building that once housed Dog Tracks

    April 22, 2014 5 Photos

  • WSF 4-22 news reading pros pic 3 Reading like pros Members of the Indiana Pacers All-Star Reading Team served as guest readers at the Read Like A Pro Reading TimeOut event last week at McClelland Elementary School. The event lasted for about an hour and was presented by Cargo Services. Kelli Towles,

    April 22, 2014 3 Photos

  • Allyson performs at The Cabaret After a dozen releases on Concord Jazz over the course of two decades and three Grammy nominations, Karrin Allyson says she still believes the best way to listen to jazz is in a small, quiet club. She'll perform songs from her vast career as well as

    April 22, 2014

  • WSF 4-22 spt bd tennis pic-2 Orioles sweep Giants in girls' tennis play Orioles sweep Giants in girls' tennis play By Ryan Palencer Flyer Correspondent

    April 22, 2014 2 Photos

  • WSF 4-22 news ballard visits chapel hill pix 2 Mayor holds meeting in Wayne Township Mayor Greg Ballard is making the rounds and spent some time in Wayne Township last week, holding one of his Mayor's Night Out meetings at the Chapel Hill 7th & 8th Grade Center. He started the meeting talking about crime. "Generally speaking, the cit

    April 22, 2014 5 Photos

  • WSF 4-22 spt beaty pic-1 Two-sport Ben Davis star weighing options In a world where high school athletes choose to specialize earlier and earlier, Ben Davis senior Michael Beaty has been an anomaly in his sporting endeavors. Now, with the end of his senior year nearing, Beaty is trying to set his future plans after

    April 22, 2014 1 Photo

  • WSF 4-22 news bduhs four star pix 2 BDUHS named Four Star School The Indiana Department of Education has chosen Ben Davis University High School as a Four Star School for performing in the upper 25th percentile of schools in three ISTEP-based categories. The award is for achievements in the 2012-13 school year. B

    April 22, 2014 3 Photos

House Ads
Hendricks County Marquee
Email News Sign Up
Facebook
Twitter Updates
Follow us on twitter
Poll

New poll question: Will you be attending this year’s Indianapolis 500?

Yes
No
Undecded
     View Results
AP Video
Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Country Music Hall of Fame Inductees Named 'Piles' of Bodies in South Sudan Slaughter New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Chief Mate: Crew Told to Escape After Passengers 'Miss Meadows' Takes Holmes Back to Her Roots Biden: Russia Must Stop Talking, Start Acting David Moyes Out As Manchester United Manager Raw: Leopard Bites Man in India Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Stowaway Teen Forces Review of Airport Security
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Must Read