INDIANAPOLIS (WISH) - A plan to offer state assistance to the Indianapolis Motor Speedway passed after initially failing in the Indiana House of Representatives in votes taken Monday.
The vote in the House was 47-46 and it takes 51 votes for a bill to pass. The bill was then called back for a second vote and passed 56-36. It calls for state loans to the Indianapolis Motor Speedway as big as $5 million dollars a year for 20 years.
The money would be used for improvements at the Speedway that include lights for night racing and new video boards, but opponents worry about state assistance for a private corporation.
"I'm trying to decide whether this is a folly, a fiasco, a fraud, a fumble or what it is," said Rep. Ed DeLaney (D-Indianapolis). "So, far I'm classing this one as a fiasco."
"Could they go to a bank and borrow the money?" asked Rep. Dan Leonard (R-Huntington). "Could they mortgage the property? That's what I have to do."
The measure is now headed for a conference committee where big changes are anticipated.
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