Council meets tonight to discuss new tax incentives for Iowa Speedway
In a hastily convened meeting tonight, the Newton City Council will discuss and consider passing a proposal that would reduce the Iowa Speedway’s tax burden, as well as create a ticket surcharge to aid the city in paying down bonds used to assist in funding improvements in and around the speedway.
Recent media reports out of Des Moines suggest there are not enough votes in the Iowa House of Representatives to support a four-year, $8 million incentive for the race track. The money would have been made available for the purpose of preparing the speedway for a NASCAR Sprint Cup race.
It has been long speculated Iowa Speedway is “next in line” for a much-coveted Cup race. To be able to host such an event, many upgrades to the speedway facilities — most notably, the addition of thousands of permanent seats — would need to first be completed.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at firstname.lastname@example.org