October 2, 2014
The Iowa Senate has approved a bill that includes $8 million to upgrade facilities at the Iowa Speedway in Newton.
The Senate approved the money Tuesday night as part of an appropriations bill that includes spending on a variety of projects. The measure now goes to the House.
Waterloo Democratic Sen. William Dotzler pushed for the funding. He says the money is vital for the speedway to make improvements needed in its effort to attract NASCAR Sprint Cup races.
Although the track already hosts the Camping World Truck Series and NASCAR Nationwide races, Dotzler calls Sprint Cup races "the big Kahuna" because they attract more fans and media coverage.
The state tax dollars would be spread out over four years.