It’s A FIRST! Indpls Motor Speedway Asking For Tax Help From State

For a century, the Indianapolis Motor Speedway has grown, made improvements and expanded all without asking local or state government for tax breaks, tax assistance or subsidies.  Now, a bill introduced in the Indiana Legislature could change that.  The Speedway is asking that $5 Million in state sales tax and state income taxes generated at the World’s Greatest Raceway be diverted from the state to help fund $70 million in improvements at the track.  The improvements will include seating, handicap accessibility and lighting, which could allow racing in the late afternoons and at night and increase the ability of the Speedway to host more events during the year. The idea of the Speedway asking for government assistance after 100 years of not asking is taking many Hoosiers by surprise.  The Speedway’s Mark Miles, who led Indy’s Pam Am Games 25 years ago, and who ran the professional tennis in this country and shepherded Indy’s successful Super Bowl runs Hulman & Company, parent company of the Speedway. Miles talked with Afternoons with Amos about the plan and how it would benefit the larger Indianapolis community. Click below to hear Amos’ Interview with Mark Miles. Runs 11 Minutes ©20123 WTLC/Radio One.