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.

James Hinchcliffe on Andretti: ‘It’s certainly the place I want to be’

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Since before the start of the 2020 NTT IndyCar Series season, James Hinchcliffe tirelessly has worked to ensure the future would include a full-time return in 2021.

And with an opportunity to run the final three races this season with Andretti Autosport, there seems a surefire (albeit unlikely) path.

“If I go out and win all three,” Hinchcliffe joked with IndyCar on NBC announcer Leigh Diffey in an interview Friday (watch the video above), “it would be hard for them to say no, right?”

Regardless of whether he can go unbeaten at the Indianapolis Motor Speedway road course next weekend or the Oct. 25 season finale at St. Petersburg, Florida (where he earned his first career win in 2013), Hinchcliffe will have the chance to improve his stock with the team that he knows well and now has an opening among its five cars for 2021.

All three of Hinchcliffe’s starts this season — the June 6 season opener at Texas Motor Speedway, July 4 at the IMS road course and the Indianapolis 500 — were with Andretti, where he ran full time in IndyCar from 2012-14.

“Obviously, the plan from January 2020 was already working on ’21 and trying to be in a full-time program,” he said. “I’ve really enjoyed being reunited with Andretti Autosport, and everybody there has been so supportive. It’s been a very fun year for me on track. It’s been kind of a breath of fresh air in a lot of ways.

“It’s certainly the place I want to be moving forward. We’ve been working on that, working on those conversations. Genesys has been an incredible partner in my three races. We’ll be representing Gainbridge primarily, but Genesys will still have a position on our car in the last three.”

Gainbridge is the primary sponsor of the No. 26 Dallara-Honda that was vacated by Zach Veach, who left the team after it was determined he wouldn’t return in 2021. Hinchcliffe can empathize having lost his ride with Arrow McLaren SP after last season with a year left on his deal.

“You never want to earn a ride at the expense of somebody else in the sense that has happened here with Zach,” Hinchcliffe said. “I feel bad that he’s not able to see out the last three races of his season. I’ve got a lot of respect for him off track. He’s been a teammate this year, a colleague for years before that and honestly a friend for years before that. I’ve got a lot of time for him and his family. I understand a little bit of what it’s like in that position and what he’s going through.”

Hinchcliffe is ready to seize the moment, though, starting with the Oct. 2-3 doubleheader race weekend at Indianapolis Motor Speedway. He had been hoping to add the Harvest Indy Grand Prix to his schedule and had been working out for the possibility.

“Then last week I had given up hope (and) was resigned that wasn’t happening,” he said. “I told my trainer, ‘I think we’re done for this year.’ Three days later, this call comes. I’m glad we didn’t make that decision too early. I feel great physically.

“I look at it as a great opportunity to continue to show I’ve still got what it takes and should be there hopefully full time next year on the grid.”

Watch Hinchliffe’s video with Leigh Diffey above or by clicking here.