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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).