Council’s speedway deal provides best of both worlds
In 2005, the Newton City Council took a gamble on the idea that a multi-million-dollar speedway in the midst of Iowa’s cornfields would pay off for our community, our county, our region and our state. And, by even the most stringent standards, there is little doubt that gamble paid off.
Thursday night, the Newton City Council was asked to take the community’s investment in the race track to the next level in the hopes Iowa Speedway could also move up to the next level. But the deal brokered and approved by councilors is anything but a gamble.
True, there is no guarantee that Iowa Speedway will get a Sprint Cup race. There is no guarantee it will keep the races it already has. But that is the nature of the motorsports promotion business: a lot of upfront investment with no guarantee of return.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com