Published on April 9th, 2013 | by NSB Observer0
Hope for New Jobs on the Horizon
Senator Dorothy L. Hukill (R-Port Orange) passed Senate Bill 1394 relating to Motorsports Entertainment Complexes in the Senate Commerce and Tourism Committee today. The bill will spur economic growth throughout the central Florida region and create thousands of new constructions jobs and nearly 1,300 permanent jobs. For 50 years the Daytona International Speedway has attracted millions of visitors to the state bringing new tax revenue each year, in addition to filling hotel rooms in Volusia and surrounding counties.
Senate Bill 1394 will allow the Daytona International Speedway, home to the Daytona 500 race, to modernize its facility. The International Speedway Center and Daytona International Speedway will first invest $250 million of private dollars into the project before they are eligible for any incentive.
Although the Daytona 500 is a major event held at the Speedway, the track is open year round and is host to many other events.
“With this economic opportunity we have the chance to reshape our region and provide much needed jobs, especially in the construction industry,” said Hukill. “This is an investment into the future of how tourism is done in the state and will help meet the needs of our tourists who are constantly looking for bigger and better. For over six decades fans have visited our state and now is the time to support this very good project.”
The bill moves on to the Senate Appropriations Subcommittee on Finance & Tax.