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Knoxville Raceway to benefit from tax break

Sports

April 8th, 2016 by Ric Hanson

A tax break will be updated to benefit the Knoxville Raceway, under a bill that advanced with bipartisan support in the Iowa Senate. The raceway is revising its building plans, and the bill would make it easier to access a 2 million dollar sales tax rebate that was approved two years ago. Waterloo Democrat and avid racing promoter Bill Dotzler says the Raceway needs help to compete with other venues.

Backers say the bill is needed because the raceway has abandoned plans to expand with suites and retail space in favor of general upgrades including making the facility more accessible for aging fans. Track officials say the new plan includes upgrades to meet the requirements of the American with Disabilities Act.

(Radio Iowa)