Alameda County Wants Out Of Coliseum Deal Bucks Turn To County For Arena Land Deal Atlanta MLS Club Nears Deal For DeKalb HQ Facility Notes San Diego Pitches Chargers Plan To NFL A's Reportedly Holding "Positive" Ballpark Talks Indians Eye More Ballpark Renovations Facility Notes Rupp Arena Set For $15M In Tech Upgrades Beckham Group To Pay For Resident Relocation
SBD/Issue 202/Facilities & Venues
Chicagoland President Rust To Re-Evaluate Track Operation
Published July 9, 2009
|Rust Wants To Make Speedway
More Prominent Presence In Auto Racing
READY AND WILLING: Kentucky Gov. Steve Beshear yesterday held a "ceremonial signing" of House Bill 3, an "incentives bill designed to help attract a NASCAR Sprint Cup Series race" to Kentucky Speedway. The bill, which Beshear officially signed into law on June 26, includes a "provision that offers Kentucky Speedway as much" as $36.7M in sales tax credits over the next 20 years. The tax break "would help SMI pay for what could be" a $100M expansion, but is "contingent on Kentucky Speedway hosting" a Cup race. Beshear: "I think this sends a very strong message to NASCAR that Kentucky is ready, willing and able to step up and do everything possible to make this track a success and to make a NASCAR Sprint Cup Series race here a big success." SMI Chair & CEO Bruton Smith, whose company owns the track, said that the bill "represents a 'huge commitment' from the state" (KENTUCKY ENQUIRER, 7/9).