Kentucky Gov. Beshear Announces Pursuit of Sprint Cup Series Event
Under the proposed legislation, legacy expansion projects must conduct events that are in the top league, series or sanctioned level of their type of event, provide permanent seating for 65,000 spectators and be broadcast nationally. The venue must have previously been approved for incentives and the expansion project must exceed $30 million and present one or more “premier events" not previously held in Kentucky. "I am hopeful that this legislation will receive favorable consideration in light of the significant impact landing a NASCAR Sprint Cup Series race at the Kentucky Speedway would have on our economy," Rep. Adkins said. “The governor and his staff are to be commended for pursuing this exciting opportunity for Kentucky." The legislation, which Rep. Adkins plans to file next Monday, would also expand the availability of time over which the tax credits can be taken for the original investments made and the significant expansion at the Kentucky Speedway. Kentucky Speedway PR