WEBVTT

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LIVING VENTURES INDIANA 

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UNIVERSITY AND INDIANA 

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ASSOCIATE HELLO AND WELCOME TO 

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INSIDE INDIANA BUSINESS I'M 

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GARY GET COMING TO YOU THIS 

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WEEK FROM THE WORLD'S GREATEST 

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RACE COURSE THE INDIANAPOLIS 

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MOTOR SPEEDWAY PREPARATIONS 

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UNDER WAY NOW THAT MAY IS HERE 

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>> IN INDIANAPOLIS AND WE ARE 

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GOING TO BE HERE ALL MONTH 

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LONG FOR OUR ANNUAL BUSINESS 

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AT THE BRICKYARD SERIES 4 

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WEEKS OF REPORTING ON THE 

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IMPACT OF MOTOR SPORTS ON THE 

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INDIANA ECONOMY NOW LOOKS POLO 

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>> FIRST OVAL AND HIS FIRST 

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INDY 500 IS HE COMES UP TIME 

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TO WILL GO BEHIND THE 

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CHECKERED FLAG TO TAKE A LOOK 

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AT THE IMPACT 

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>> BECAUSE IT IS MORE THAN 

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SPEED IT IS AN INDUSTRY AND 

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IDENTITY 

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>> AND IT'S A STORY THAT IS AN 

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IMPORTANT PART OF THE HOOSIER 

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ECONOMY BECAUSE IT IS OUT WELL 

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WHEN MOTOR SPORTS FUEL JOBS 

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INVESTMENT TOURISM AND 

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TECHNOLOGY STATEWIDE IT'S 

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ESTIMATED THE INDIANAPOLIS 

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MOTOR SPEEDWAY SPECIFICALLY 

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GENERATES MORE THAN BILLION 

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DOLLARS ANNUALLY IN ECONOMIC 

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ACTIVITY THE MONTH OF MAY 

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ALONE ACCOUNTS FOR MORE THAN 

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560 MILLION DOLLARS OF THAT 

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TOTAL WELL BROADLY INDIANA 

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MOTOR SPORTS A GENERATION 

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ESTIMATED 7 TO 8 BILLION 

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DOLLARS IN IMPACT SUPPORTING 

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AS MANY AS 40.000 JOBS 

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STATEWIDE THAT INCLUDES WAY SO 

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FACTUALLY ENGINEERING R AND D 

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AND THE FULL SUPPLY CHAIN OF 3 

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2.2500 MILES TAKE THE ENGINE 

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OUT 

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>> AND REBUILD IT AND PUT THE 

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END THE NEW ENGINE THE REBUILT 

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ENGINE BACK IN MORE THAN 500 

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MOTOR SPORTS COMPANIES ARE 

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LOCATED IN INDIANA ROUGHLY 80% 

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OF INDYCAR TEAMS BASED IN THE 

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STATE 

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>> MANY WITHIN A SHORT DRIVE 

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OF THE INDIANAPOLIS MOTOR 

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SPEEDWAY AND I'M PLEASED TO BE 

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JOINED NOW BY THE PRESIDENT OF 

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THE INDIANAPOLIS MOTOR 

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SPEEDWAY AND INDYCAR DOUG 

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BOLES DOUG GREAT TO SEE YOU AS 

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ALWAYS GOOD TO SEE YOU GET SET 

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UP HERE CONTEST IS READY TO 

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RIGHT HE REMAINS HERE AND 

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EXCITING TIME TO BE SURE 

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>> WE DO A LOT ON THE ECONOMIC 

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IMPACT WHICH A LOT OF PEOPLE 

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UNDERSTAND THE INDIANAPOLIS 

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MOTOR SPEEDWAY THE IMPACT 

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THERE BUT AS YOU LOOK MORE 

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BROADLY ABOUT THE ECONOMIC 

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IMPACT OF MOTOR SPORT THAT 

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CONTINUES TO GROW IN INDIANA 

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WE DID AN ECONOMIC IMPACT 

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STUDY A COUPLE YEARS AGO AND 

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IS WELL OVER A BILLION DOLLARS 

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OF ECONOMIC IMPACT THAT'S 

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REALLY DRIVEN BY THE FACT THAT 

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THE INDIANAPOLIS MOTOR 

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SPEEDWAY'S HERE IN CENTRAL 

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INDIANA AND PEOPLE KNOW TICKET 

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SALES AND THE THINGS THAT 

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HAPPENED HERE BUT ALL THE 

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TEAMS ALL THE SUPPORT YOU KNOW 

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THE SUPPLIERS THAT ALL IS WHAT 

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REALLY DRIVES THAT ECONOMIC 

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IMPACT NUMBER UP AND IT 

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CONTINUES TO GET BETTER EVERY 

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YEAR NOW KNOW YOU MENTIONED 

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TICKET SALES GOT TO ASK YOU 

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EVERYBODY'S WONDER ABOUT A 

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SELLOUT AND I KNOW WE TALKED 

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TO A FEW WEEKS AGO YOU THOUGHT 

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A SELLOUT MIGHT BE ANNOUNCED 

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EARLY IN THE MONTH ANY UPDATE 

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YEAH SAYS THE LAST YEAR WE 

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ANNOUNCED A CELL AT THE 

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TUESDAY LEADING INTO THE 500 I 

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DEFINITELY THINK WE GET AHEAD 

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OF THAT SO SHOULD BE HERE 

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SOMETIME IN THE NEXT COUPLE 

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WEEKS BUT WE ACTUALLY HAD TO 

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ADD SEATS THAT WE HAVEN'T HAD 

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TO ADD BEFORE TO REALLY DEAL 

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WITH THE DEMAND FOR THE 

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INDIANAPOLIS 500 SO I 

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DEFINITELY THINK IRAN SINCE WE 

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SOLD OUT ONCE AGAIN AND WHO 

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KNOWS ABOUT GA JUST DEPENDS ON 

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WHEN THAT GRANDSTAND SELL DAY 

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HAPPENS AS YOU LOOK AT THE 

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INVESTMENT IN THIS FACILITY 

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WHICH IS AMAZING YOU LOOK AT 

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THE THE AGE LONGEVITY TO SEE 

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THE SHAPE IT'S IN IT IS REALLY 

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AMAZING THAT COMES WITH IT 

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CONTINUAL UPKEEP AND I KNOW 

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YOU'VE GOT SOME BIG PROJECTS 

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YEAH SO WE HAVE A 6 AND A HALF 

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MILLION DOLLAR IDEA PROJECT IS 

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GOING TO TAKE US A COUPLE 

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YEARS TO DO AND WE'VE BEEN 

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DOING DONE A LITTLE OF THAT 

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LAST YEAR WE DID A BUNCH OF IT 

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THIS YEAR ON THE SOUTH INTO 

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THE RACETRACK WHICH REALLY 

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ALLOWS OUR FANS TO HEAR THAT 

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BETTER WHEN CARS ARE RUNNING 

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BUT ALSO HAS TO BE ABLE TO 

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BOUNCE WHEN THERE ARE CARS 

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RUNNING YOU KNOW WHEN A BLAST 

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SOMEBODY OUT SO A LOT OF A LOT 

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OF WORK THERE AND OBVIOUSLY 

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THOSE ARE OUT IN THE WINTER 

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WE'VE DONE SOME RAILINGS 

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HANDRAILS FOR PEOPLE GETTING 

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IN AND OUT OF GRAND STANDS 

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WE'VE DONE SOME WORK ON JUST 

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THE SUBSTRUCTURE OF R E N N B 

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IN A PAN HOUSES SO WE'VE DONE 

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SOME WORK DOWN ON THE SOUTH 

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INTO THE TRACK AS WELL AND 

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THIS IS A MASSIVE A PROPERTY 

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THE GOLF COURSE ISRAEL HAS 

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SAID HERE AS WELL NO YOU DO 

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SOME UPGRADES THERE IS THERE A 

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POSSIBILITY THAT COULD BE THE 

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SITE OF MAYBE A FUTURE HIGH 

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PROFILE OF ONE OF THE THINGS 

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THAT WE REALLY WANTED TO FOCUS 

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ON IS MAKING SURE THAT THAT 

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GOLF COURSE IS AS GOOD AS IT 

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CAN BE ROGERS REALLY ALLOWED 

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US TO INVEST IN A MARKED MILES 

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PLAYS GOLF AND ISRAELI OUT 

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THERE AS WELL JUST MAKING SURE 

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AND WHAT WE WANT TO DO IS MAKE 

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SURE THAT IF SOMEBODY WANTED 

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TO COME ALONG AND HAVE A BIG 

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EVENT HERE THAT THERE'S NOT A 

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LOT OF THE WORK THEY HAVE TO 

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DO IN COME IN AND PLUG AND 

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PLAY HERE TO AT THE BRICKYARD 

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SO WE ARE DEFINITELY LOOKING 

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FOR SOMETHING LIKE THAT IN THE 

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FUTURE POLLS MOST OF YOU AS 

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ALWAYS THANKS VERY MUCH THANK 

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YOU WELL CERTAINLY ONE OF THE 

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HIGHLIGHTS OF A TRIP TO THE 

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INDIANAPOLIS MOTOR SPEEDWAY IS 

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THE INDIANAPOLIS MOTOR 

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SPEEDWAY MUSEUM IT IS 

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>> BY ALL INDICATIONS A BRAND 

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NEW SPEEDWAY MARKING ITS FIRST 

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YEAR SINCE A MASSIVE 60.5 

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MILLION DOLLAR RENOVATION WHEN 

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YOU TALK ABOUT ECONOMIC IMPACT 

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THE MUSEUM TELLS US NEARLY A 

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QUARTER OF A MILLION PEOPLE 

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FROM ALL 50 STATES AND MORE 

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THAN 25 COUNTRIES HAVE VISITED 

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THE VENUE IN THE FIRST YEAR OF 

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THE MUSEUM IS NOW VIEWED AS A 

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TOURIST DESTINATION FOR 

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INDIANAPOLIS AND THE STATE OF 

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INDIANA INCLUDES A FOCUS ON 

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EDUCATION SOME 20.000 STUDENTS 

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HAVE ATTENDED FIELD TRIPS AT 

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THE NEW MUSEUM SO FAR 

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>> WE CONSTANTLY HAVE SCHOOLS 

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COMING IN AND FIELD TRIPS AND 

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HOME SCHOOL DAY AND FAMILY DAY 

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AND THIS NEW RENOVATED MUSEUM 

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HAS BECOME HIGHLY INTERACTIVE 

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AND SO THERE'S REALLY 

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SOMETHING FOR ALL GENERATIONS 

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THAT COME IN HERE AND REALLY 

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GET AN UNDERSTANDING OF IT AND 

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FOR YOU KNOW YOUNG PEOPLE TO 

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REALLY UNDERSTAND WHAT GOES ON 

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IN THE PITS AND HOW ATTIRE 

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COMES OFF THE CAR YOU KNOW ANY 

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OF THOSE DIFFERENT AFTER BE 

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IT'S IT'S IT'S ALWAYS EXCITING 

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TO ATTRACT THE INDIANAPOLIS 

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MOTOR SPEEDWAY MUSEUM IS 

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CELEBRATING A BIRTHDAY IT WAS