Indy set for upgrades with legislation approval

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A bill that would help fund improvements to the legendary Indianapolis Motor Speedway has been approved by the Indiana General Assembly and is now heading for the desk of Gov. Mike Pence.

House Bill 1544, which has passed through the Indiana House and Senate, calls for the creation of an Indiana Motorsports Investment District that will capture sales and income taxes at the commercial property that includes IMS, which will then go toward future investment in the Speedway.

According to the legislation, the track will receive a loan from the state of Indiana for up to $5 million per year for 20 years to complete upgrade projects, and the loan will be repaid through expected increases in income and sales tax collections at IMS — which will kick in $2 million a year over 20 years ($40 million total) themselves toward the improvements.

“We appreciate the hard work done by state lawmakers to ensure Indiana remains the worldwide leader in motorsports,” Indianapolis Motor Speedway Corporation president/CEO Jeff Belskus said in a statement. “This legislation will allow us to make transformative improvements to our 104-year-old facility over the next several years that will greatly enhance the fan experience.”

In addition, the bill also creates a special fund for motorsports-based businesses in Indiana to apply for loans that can help them improve their own facilities. The state will provide up to an additional $5 million annually to the fund, which will be run by the Indiana Economic Development Corporation.

The legislation was introduced into the Indiana General Assembly in February. A Feb. 8 press release from IMS stated potential projects that could occur thanks to the legislation, such as the installation of lights, adding high-definition video boards, and seating and restroom upgrades.

F1 2017 driver review: Nico Hulkenberg

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Nico Hulkenberg

Team: Renault
Car No.: 27
Races: 20
Wins: 0
Podiums: 0
Best Finish: P6 (Spain, Great Britain, Belgium, Abu Dhabi)
Pole Positions: 0
Fastest Laps: 0
Points: 43
Championship Position: 10th

Expectations were hard to peg for Renault heading into its second full season back in F1 with a factory team, but Nico Hulkenberg was surely expected to be the man spearheading its charge.

With teammate Jolyon Palmer severely underperforming, Hulkenberg did exactly that, bringing home all but 14 of the team’s points in the final standings. However, consistency was never something he truly found.

Many of Renault’s issues were down to reliability issues, sidelining Hulkenberg for six races – four coming in a five-race stint from Singapore to Mexico – yet he only scored points in consecutive races on three occasions.

When Hulkenberg and Renault were on form, they proved to be a potent combination, often topping the midfield fight and even looking faster than Force India come the end of the season. His run to sixth at the final race in Abu Dhabi was crucial for the constructors’ championship as Renault jumped Toro Rosso, securing an extra slice of prize money in the process.

But for a driver who was so often tipped as being a future star in F1, Hulkenberg still has a lot to prove. Renault is set to offer a good platform for the German moving forward with factory support, yet if he cannot beat new teammate Carlos Sainz Jr. through 2018, concerns will surely be raised.

Season High: Charging to sixth in Abu Dhabi despite a penalty.

Season Low: A tough run to 16th in Malaysia.