Dec 10, 2013, 6:00 PM EST
Preliminary plans from Hulman & Co. to invest state funds into upgrades for the Indianapolis Motor Speedway have been approved by the Indiana Motorsports Commission. The ambitious plans focus on three areas: track modifications, fan experience and technology.
In regards to the track, upgrades identified include the installation of an apron for use in the Speedway’s NASCAR events such as the Brickyard 400 (something that Hulman CEO Mark Miles foreshadowed last week in Las Vegas). According to the Speedway, the apron will cost less than $1 million.
Also identified were the refurbishing of catch fencing and the recently-completed repaving and reconfiguration of IMS’ road course in advance of the inaugural Grand Prix of Indianapolis in May of 2014.
Noticeable was the lack of a lighting system around the 2.5-mile oval, which was initially seen as a possibility for the track due to the hot Indiana summers that Brickyard 400 fans must endure annually.
However, the Speedway said in a release that “economic studies showed this $20-million investment did not provide the best return for taxpayers.”
For fan experience, the Speedway has listed many improvements such as more comfortable seating, a bigger number of elevators for better grandstand access and suite renovations. Also on the agenda are a new scoring pylon and video screens, modernized restrooms, and more concession choices.
Technology-wise, the Speedway plans to have wireless access throughout the facility and “state-of-the-art data, video and audio availability” to go with that.
“We started with ideas for improvements that totaled hundreds of millions of dollars, and we’ve reduced our list to a list of potential projects with total spending of about $140 million,” Hulman president and chief administrative officer Jeff Belskus in a statement. “Now we have some difficult decisions ahead to pare the list further before we ask the commission for its approval.”
Additional improvements to IMS beyond the funds managed by the Commission will be included in a master plan that’s set to be released this coming spring.
Earlier this year, legislation was passed by the Indiana state government that created a motorsports investment district around IMS that will help fund the upgrades by collecting sales and income taxes on the property.
The same legislation also created a fund for motorsport-based businesses in Indiana to apply for loans that can help improve their own facilities.
Nov 23, 2014, 5:17 PM EST
Marcos Ambrose is wasting little time in his return to racing V8 Supercars in his native Australia.
Nov 23, 2014, 4:30 PM EST
A wild concept collaboration for Gran Turismo 6 between the Bowtie and famous race car builder Chaparral.
Petty’s 1988 Daytona wreck sold as prelude to upcoming auction of NASCAR Hall of Famer Cotton Owens estate
Nov 23, 2014, 3:53 PM EST
The remains of Richard Petty’s crashed 1988 Pontiac Grand Prix from the 1988 Daytona 500 sold Saturday, a prelude of an even larger auction of late NASCAR Hall of Famer Cotton Owens on Dec. 6.
Nov 23, 2014, 2:30 PM EST
This weekend is the first without a NASCAR race since mid-July.
Nov 23, 2014, 2:00 PM EST
For the last time in 2014, we round up all of the action in the paddock as Lewis Hamilton became Formula 1 world champion for the second time.
Nov 23, 2014, 1:30 PM EST
It’s not enough to beat McLaren in the constructors’, but a great result nevertheless for Hulkenberg and Perez in Abu Dhabi.
Nov 23, 2014, 1:15 PM EST
Lotus laughs rather than cries after a fitting end to its challenging 2014 season.
Nov 23, 2014, 12:45 PM EST
Quite a drive from Daniel Ricciardo, primarily aided by start on primes.
Nov 23, 2014, 12:15 PM EST
After winning four world titles with Red Bull, Vettel is bound for Ferrari in 2015.
Nov 23, 2014, 11:45 AM EST
On a great day for British motorsport, Prince Harry and British Prime Minister David Cameron send their congratulations to Hamilton.
Nov 23, 2014, 11:30 AM EST
Alonso is set to join McLaren in 2015 after five years with Ferrari.
Nov 23, 2014, 11:15 AM EST
An engine failure cost Rosberg the chance to emulate his father and become F1 world champion.
Nov 23, 2014, 10:56 AM EST
Second and third for Massa and Bottas caps an incredible 2014 season for Williams.
Nov 23, 2014, 10:13 AM EST
British driver wins his second F1 championship in Abu Dhabi as title rival Nico Rosberg fails to finish in the points.
Nov 23, 2014, 9:45 AM EST
An engine failure for Nico Rosberg leaves Hamilton free to win the race under the lights in Abu Dhabi and clinch his second world title.
Nov 23, 2014, 8:30 AM EST
F1′s feeder series comes to a close in Abu Dhabi on Sunday.
Nov 23, 2014, 7:45 AM EST
The third tier single seater series comes to a close in Abu Dhabi, with Alex Lynn winning the championship.
Nov 23, 2014, 7:15 AM EST
Nico Rosberg will lead the grid away for the 11th and final time in 2014 later today.
Nov 23, 2014, 6:45 AM EST
Nico Rosberg and Lewi Hamilton’s date with destiny awaits in Abu Dhabi today.
- Abu Dhabi GP Paddock Notebook – Sunday 0
- Hamilton calls second title victory “the greatest day of my life” 1
- Hamilton clinches second F1 world title by winning Abu Dhabi GP 7
- The Final Showdown: Hamilton and Rosberg prepare for one final battle in Abu Dhabi 0
- Vettel and Ricciardo to start Abu Dhabi GP from pit lane 0
- Abu Dhabi GP Paddock Notebook – Saturday 0
- Red Bull drivers excluded from qualifying in Abu Dhabi 2