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Brownfields 2006 Assessment Grant Fact Sheet
Speedway, IN
EPA Brownfields Program
EPA's Brownfields Program empowers states,
communities, and other stakeholders to work together to
prevent, assess, safely clean up, and sustainably reuse
brownfields. A brownfield site is real property, the
expansion, redevelopment, or reuse of which may be
complicated by the presence or potential presence of a
hazardous substance, pollutant, or contaminant. On
January 11, 2002, President George W. Bush signed into
law the Small Business Liability Relief and Brownfields
Revitalization Act. Under the Brownfields Law, EPA
provides financial assistance to eligible applicants through
four competitive grant programs: assessment grants,
revolving loan fund grants, cleanup grants, and job
training grants. Additionally, funding support is provided
to state and tribal response programs through a separate
mechanism.
Community Description
The Town of Speedway was selected to receive a
brownfields assessment grant. Located wholly within the
corporate limits of Indianapolis, Speedway (population
12,881) is best known for its Indianapolis Motor
Speedway, home of the Indianapolis 500. Three major
races in the town attract more than one million local,
national, and international spectators per year. Speedway
is nearly 100 percent developed and landlocked.
Therefore, the town cannot grow through annexation. To
promote economic growth, Speedway and the
Indianapolis Motor Speedway formed the Speedway
Economic Development Commission, which is exploring
ways to integrate a possible expansion of the race venue
with the redevelopment of blighted surrounding
properties. The Town of Speedway intends to focus
brownfields assessment activities on the Speedway Main
Street and Motorsports Campus Redevelopment Area.
This area was an industrial park before the year 1900. It is
estimated that there are as many as 50 acres of underused
industrial land in the redevelopment area. The assessment
of brownfields in this area will allow the town to address
environmental issues that are hindering redevelopment.
Once brownfields in the redevelopment area are assessed
and cleaned up, the town intends to create a competitive,
modern industrial park. This redevelopment is expected to
expand the tax base, create investment and job
Assessment Grant
$200,000 for hazardous substances
EPA has selected the Town of Speedway for a
brownfields assessment grant. Hazardous
substances grant funds will be used to inventory
brownfields sites, perform Phase I and II
environmental site assessments, conduct human
health risk assessments where necessary, and
support community involvement activities.
Assessment activities will focus on the Main
Street and Motorsports Campus Redevelopment
Area.
Contacts
For further information, including specific grant
contacts, additional grant information, brownfields
news and events, and publications and links, visit
the EPA Brownfields Web site
(http://www.epa.gov/brownfields).
EPA Region 5 Brownfields Team
(312) 886-7576
EPA Region 5 Brownfields Web site
(http://www.epa.gov/R5Brownfiel ds)
Grant Recipient: Town of Speedway,IN
(317) 244-8348
The information presented in this fact sheet comes
from the grant proposal; EPA cannot attest to the
accuracy of this information. The cooperative
agreement for the grant has not yet been
negotiated. Therefore, activities described in this
fact sheet are subject to change.
United States
Environmental
Protection Agency
Washington, DC 20450
Solid Waste
and Emergency
Response (5105T)
EPA 560-F-06-103
May 2006

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opportunities, increase property values, and ultimately
help the Town of Speedway become a more competitive,
healthy, and vibrant community.
United States	c
Environmental	anri Fmpflpn™	EPA 560-F-06-103
Protection Agency	Response (5105T)	May 2006
Washington, DC 20450	Kesponse (si us )

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