Comments on Advance Indiana™: Confirmed: Indianapolis Motor Speedway Is On The Auction Block

I call BS. The phrase "not for sale" can...

2013-02-23T10:17:50.276-05:00

I call BS. The phrase "not for sale" can mean two things - it won't be sold, or "we already have a buyer".

I lean towards the idea that IMS already has a deal put together, contingent on the pot being sweetened with $100 million of tax revenue.

The future may lie with other ownership of IMS - b...

2013-02-22T20:40:21.863-05:00

The future may lie with other ownership of IMS - but the pot should not be sweetened by $100,000,000 from taxpayer funds.

Period.

It makes too much sense to do that, Pat, so it won...

2013-02-22T20:24:15.395-05:00

It makes too much sense to do that, Pat, so it won't happen. Everyone over at the State House understands the family's situation and knows that something has to take place to line up long-term ownership/management of the IMS. They know that doesn't rest with the current ownership. It could include Tony with the backing of well-heeled investors, but it can't remain in its current hands.

You are right on the money, so to speak. If IMS i...

2013-02-22T19:29:14.571-05:00

You are right on the money, so to speak. If IMS is sold, they have to pay back all outstanding bonds. And the bonds have to be structured for prepayment without penalty.