Funding for Indy speedway improvements up to new commission

2013-08-14T18:00:00Z 2013-08-14T19:10:04Z Funding for Indy speedway improvements up to new commissionBy Dan Carden dan.carden@nwi.com, (317) 637-9078 nwitimes.com
August 14, 2013 6:00 pm  • 

INDIANAPOLIS | Gov. Mike Pence on Wednesday appointed the five-member board that will decide whether to spend $100 million in state tax revenue to improve the Indianapolis Motor Speedway.

A law approved earlier this year by the Republican-controlled Legislature and governor authorizes the new Indiana Motorsports Commission to create a motorsports improvement district at the track.

If they do so, sales and income tax revenue generated over the next 20 years at the home of the annual Indianapolis 500 auto race will be spent on speedway projects, instead of being paid to the state.

The commissioners are Chairman Chris Atkins, Pence's Office of Management and Budget director; Tim Clauson, racing team owner; Earl Goode, former chief of staff to Gov. Mitch Daniels; Tom Kelley, president of five Fort Wayne auto dealerships; and Ryan Kitchell, Daniels' budget director.

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