Terry Angstadt, who oversees the Indy Racing League’s commercial division, thinks the series could break even in 2011
and be profitable by 2012 despite myriad challenges facing open-wheel racing.
Plans call for a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road.
Indianapolis-based Interactive Motorsports and Entertainment Corp., which went public in 2002, has filed for Chapter 11 reorganization.
A local man wants to build a motorsports park complete with a Motocross track, one-fifth-mile dirt track and ATV trails on
36 acres near Interstate 465 and Mann Road on the southwest side.
His resignation removes George from any remaining role in Hulman & Co., Indianapolis Motor Speedway, IMS
Productions and other affiliated companies.
Faced with the need to save money, the six-member board of the IMS and IRL voted on May 26 to replace George.
The 2010 Chevrolet Camaro SS will be the official pace car for next May’s Indianapolis 500. It’ll be the sixth time a Camaro
has paced the race.
The Performance Racing Industry Show has set its 2010 dates for Dec. 9-11. That means the International Motorsports Industry
Show held in Indianapolis will have Dec. 1-3 to itself.
Belt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement
that the Brickyard’s "month of May" activities will be shortened in 2010.
MainGate holds an exclusive license to make and sell Patrick’s IRL-centric merchandise, and is
now in negotiations with New York-based IMG to get part of her NASCAR-related business.
The show held in Indianapolis Dec. 3-4 is picking up speed much faster than event organizers and local
convention and tourism officials expected. But the nation’s biggest motorsports trade show, Performance
Racing Industry Show, is considering competing with the local show head-on in 2010.
The inaugural show opened Dec. 2 at the Indiana Convention Center, and is expected to draw more than
10,000 attendees.
The team moved just a few suites down from its Park 100 facility, but officials said it’s a big move
for the Indianapolis-based Indy Racing League operation.
Race track’s new chief information officer previously worked at NCAA, Indianapolis Museum of Art.
A delegation of business and community leaders led by Indianapolis Mayor Greg Ballard departed for Europe Nov. 14 on a nine-day
economic
development mission to help grow the city’s motorsports industry.
Izod IndyCar Series driver Sarah Fisher recently renewed her contract with AAA Hoosier Insurance. AAA will continue to
be a personal sponsor of Fisher and will remain an associate sponsor on Fisher’s No. 67 car for the 2010 and 2011 Indianapolis
500s.
A source at Indianapolis Motor Speedway said IMS laid off 40 employees Wednesday, mostly from its human resources department,
in a cost-saving move.
Jeff Belskus, CEO of the Indianapolis Motor Speedway, called the sponsorship deal “one of the most significant announcements
in the history
of the IndyCar series.”
IndyCar officials are expected to announce Thursday that clothing maker Izod will become the series’ title sponsor next season.
Carmel-based Telamon Corp. rose to become one of the largest minority-owned businesses in the area largely by serving telecommunications giants. Now it is veering off its traditional course to supply racing teams with an ethanol-based fuel made from Indiana corn.
