Pence signs $100 million Speedway funding bill
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
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Attorneys rev engines on racing circuits for relaxation
Lawyers are traditionally known as hard-chargers, but these Indianapolis attorneys spend their weekends jockeying for position as pro- and semipro-level auto racers.
Speedway state funding plan approved by lawmakers
The Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved by Indiana legislators.
Local racing team on verge of calling it quits after 500
Carmel-based Panther/Dreyer & Reinbold Racing, a company that was in expansion mode as little as two years ago, plans to close shop after the Indy 500 if it can’t find a new sponsor.
Lawmakers forge deal to help Indianapolis Motor Speedway
The plan authorizes the state to loan the Speedway $100 million—money it will borrow through bonds—to make the grandstands more accessible to people with disabilities and to install lights for night races.
Marketing firm’s founder mulls top IndyCar job, company sale
Spire Capital Partners has put its 50-percent stake in Zionsville-based Just Marketing International on the market, as the company's founder, Zak Brown, reportedly mulls accepting an offer to be CEO of the IndyCar racing series.
Officials express confidence in Indy 500 security plan
Indianapolis Motor Speedway officials and Indiana State Police feel good about their security plan for this year's Indy 500 and won't remove trash cans from the track in response to deadly blasts at the Boston Marathon.
Plan would shift money from horse racing to auto racing
The move—debated Monday in the Indiana House Ways and Means Committee—is meant to subsidize upgrades at the Indianapolis Motor Speedway and make low-interest loans available to other auto tracks and businesses across the state.
Indy Motor Speedway to charge for infield parking spots
Passes for parking inside the third turn for the Indianapolis 500 and Brickyard 400 NASCAR race went on sale Monday. Front-row parking spaces cost $75 while additional general parking spaces will sell for $25.
Tony George returns to Hulman & Co. board
George had resigned in October after submitting a proposal to purchase IndyCar. He cited a conflict of interest as his reason for stepping down. He was allowed to return because he's no longer trying to regain control of the series.
Speedrome gains momentum with sponsorship deals
At a time when sports sponsorships in general and motorsports sponsorships in particular aren’t easy to score, the 72-year-old Speedrome has announced five such pacts in the last month.
Daytona 500 gets green light despite horrific accident
Daytona International Speedway President Joie Chitwood said the track will “be ready to go racing” in time for Sunday’s Daytona 500, following an accident Saturday that injured fans and drivers.
Senate OKs Indianapolis Motor Speedway funding plan
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
Longtime Indianapolis Motor Speedway exec departing for Austin track
Mel Harder had been with the Speedway for 22 years, most recently overseeing operations and facilities management for the famed Brickyard.
Bill to support Speedway with state taxes passes committee
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
Speedway businesses eye gains from IMS upgrade
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
Speedway agrees to major overhaul in ADA settlement
The Indianapolis Motor Speedway will make millions of dollars in updates to settle a Department of Justice investigation that found more than 360 violations of federal disability law.
2012 NEWSMAKER: Miles adds to diverse business, sports career
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
Lucas eager to expand IndyCar’s media reach
Forrest Lucas, owner of Lucas Oil Products Inc., intends to launch an Internet TV network in June 2013 that would offer a heavy dose of racing programming.
IndyCar releases Lotus from engine-supply contract
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.