SBD/May 14, 2013/Facilities

ISC's Lesa France Kennedy Says Daytona Upgrades Still Alive Despite Failed Legislation

ISC Vice Chair & CEO Lesa France Kennedy on Friday said that the $250M renovation project for Daytona Int'l Speedway is "very much alive and a new bill could be drafted for next year's meeting of state lawmakers," according to Eileen Zaffiro-Kean of the Daytona Beach NEWS-JOURNAL. The recent failed Florida state legislation "was intended to be a selling point for the overseers of the publicly traded company." The bill "would have given the racing giant more than" $70M in sales tax rebates over 30 years. But Kennedy said that with the legislation failing, the "timing and scope of the project could change." She added that DIS is "'evaluating' whether to file another bill seeking public funding for the project." Kennedy: "I think we can make this thing happen." Zaffiro-Kean noted a new measure "could be filed anytime from this summer to early next year." Meanwhile, the DIS renovations proposal "still needs the blessing" of the ISC BOD (Daytona Beach NEWS-JOURNAL, 5/11).
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