I probably didn't get this right, for surely this makes no sense."
Dateline: Indianapolis, May 10, 2013
Governor Mike Pence today signed legislation authorizing loans to the Indianapolis Motor Speedway in amounts up to five million dollars a year for the next twenty years. The loans will be repaid by additional taxes on tickets and other products.
The taxpayers sink their money into the speedway, then the taxpayers pay "additional taxes" on the IMS products in order to pay themselves back.
The improvements proposed will "make it easier to sell tickets."
I am totally confused. I think. Either that, or it is another $100,000,000 taxpayer boondoggle.