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Permit Income Drops for Moto GP
(posted Oct 18)
The Town of Speedway generated about $207,000 in vendor and stand permits
for all three races this year. Fees generated from stand and peddler permits
for the Moto GP were less than half of what Indy 500 brought in. Moto GP
attendance was noticeably smaller than traditional races. Residents who
park cars in the area of Georgetown Road reported much less parking than
expected.
Stand permits for the NASCAR race generated twice the revenue as the 500
did, while peddler permit fees were half of what the 500 brought in.
The town does not collect peddler and stand permits fees inside the fenced
area of the IMS. The IMS is exempt through Municipal Code 5.04.010, which
states:
"5.04.010 (a) A license shall be required of any person conducting
any of the following activities within the town, except for those activities
which are conducted within a fenced-in or otherwise secured area where
an admittance fee is regularly charged and where the owner assumes responsibility
for policing the activities within the confined area:"
According to Clerk Treasurer Sharon Zishka, "The IMS does pay the
appropriate vendor / stand fees for what is placed outside the fenced areas
for any and all races."
| 2007 PERMIT SALES |
| Race |
Stand |
Peddler |
Total |
| 500 |
36,175 |
40,230 |
76,405 |
| 400 |
78,750 |
24,420 |
103,170 |
| Moto GP |
18,625 |
9,610 |
28,235 |
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