FRANKFORT, Ky. (AP) - The Kentucky legislature is working to
give Speedway Motorsports Incorporated a major tax break if the
company can bring a lucrative NASCAR Sprint Cup race to Kentucky
SMI purchased the 1.5-mile tri-oval in northern Kentucky last
fall, and SMI owner Bruton Smith is planning extensive renovations
at the track in an effort to secure a date from stock car racing's
Lawmakers are working on an amendment to the Kentucky Tourism
Development Act that would allow SMI to recoup 25 percent of the
expansion costs over a 20-year period. SMI would only get the tax
break if it lands a Cup date.
Smith said he's optimistic he can get a Kentucky race on
NASCAR's 2010 schedule, but allowed he may have to move a date from
one of the other tracks he owns to do so.
(Copyright 2009 by The Associated Press. All Rights Reserved.)