ISC pledges two NASCAR race weekends for Washington track
Quote selected text Published February 6th, 2007 in NASCAR News
International Speedway Corp. has pledged to guarantee two major race weekends and not to build a track within 500 miles of its Washington track if the state legislature passes its financial proposal.
Those were two of the details announced Tuesday as the proposed financial package was submitted to the Washington House of Representatives despite not having the support from the area where ISC currently wants to build the track.
ISC will fund $180 million of the $368 million project, with $164 million being paid by bonds supported by sales tax revenue generated by out-of-state race fans and $24 million from an admissions tax.
The bonds will be issued by a public speedway authority and won’t use any current state taxes. ISC also will pay for all on-site and off-site infrastructure improvements and cost overruns.
Bookmark to:
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It would be so awsome to have a track here in Washington. People just dont realize what this would do for our state. The good thing about Washington is we are a great sports town and this would ad so much. I am all for it and I really hope it happens. If they do build I am hoping for a short to mid size track not a big one make the track look like an apple now that would be cool.
im not from washington, but i do like the idea of a track shaped like an apple….that sounds pretty cool and would give a completely different kind of challenge to the drivers