A Good Investment? Fiscal Cliff Deal Gives NASCAR Track Owners $70 Million

American taxpayers aren’t the only ones to rejoice at the news that U.S. lawmakers finally agreed to avoid the fiscal cliff.

An unlikely beneficiary of the new legislation is NASCAR and its track owners, according to a report from Auto Week. Under the new deal, some of NASCAR’s track owners will receive a $70 million break. International Speedway Corporation, a company which is primarily owned by the France family, operates 12 of the tracks used on the Sprint Cup series, while Speedway Motorsports owns eight of the tracks.

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Northstar - 1/7/2013 12:01:36 PM

+3 Boost

This demonstrates everything that is wrong with Washington these days. If these guys can't make the profit they are in business to generate, then they should get out of the business or bring in somebody who can run the business effciently to make a profit and pay the required taxes. But government shouldn't put them on the dole.