Residents react to Speedway funding plan - 13 WTHR Indianapolis

Residents react to Speedway funding plan

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For 38-years Charlie Brown's has been feeding hungry patrons in the racing capitol of the world.

"I am the oldest restaurant in Speedway. I am racing restaurant everybody knows your name in here," said owner Elizabeth Glover.

News that the Indianapolis Motor Speedway is seeking aid from the state as part of plan to fund up to 100-million dollars in improvements has this crowd interested and, opinionated.

"IMS has never asked for anything and they bring millions into the state. I am all for it," said Glover.

"Bringing extra revenue to the town might be a good thing but I am still iffy on it. They ought to be able to support themselves," countered John Collins.

According to the legislative proposal, at least 70-million in significant Capital improvements would be made at IMS. The most interesting to race fans is the possibility of night racing.

"If we can move the Brickyard to a night race, it is so stinking hot. To move it to the night race and you will get people back into the stands. It would generate more income for the city, more popularity for the city, and interest in racing again," said race fan Joyce Bentz.

IMS also plans to add new video boards and modern grandstands.

IMS is also required to spend millions on renovations to make facilities more accessible for people with disabilities.

Other racetracks in the country draw funding through their states and, with Banker's Life Fieldhouse and Lucas Oil Stadium already using some public funding, many believe it's time for IMS to get help.

"When we are through here, I think the town of Speedway and IMS and Indy will be an even better destination place," said Glover.

Legislation to enact the plan will be unveiled Monday by State Senator Michael Young. Approval by the general assembly would be required before it could become law.

The collected taxes would raise up to $5-million dollars a year that the state would contribute to help pay off bonds for the improvements over a 20-year period, while IMS would put up $2-million each year.

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