Speedway's investment in state legislators' campaigns paves way for expected receipt of $90M in taxpayer subsidies

DAYTONA BEACH — Daytona International Speedway is a step closer to securing up to $90 million in state sales-tax incentives over the next three decades, thanks to its investment in the re-election campaigns of state legislators who will vote on approval.

The Speedway is vying for funding under under a program that rewards sports organizations for major improvements through sales tax payments.

Applications for the payments that the Speedway and three other Florida professional sports organizations sent in to last to the Florida Department of Economic Opportunity have all received a green light and only await a "yes" vote of state legislators in the next few months.

The DEO has informed the Florida Legislature that the Speedway and the other applicants "met the criteria established in the statute and has provided a copy of the applications for legislative approval,” said Jessica Sims, the agency's press secretary in Tallahassee, said Friday.

The bipartisan Legislative Budget Commission will meet in the next several weeks within the next month to consider recommending approval of the taxpayer-supported funding for the Speedway, Miami Dolphins, Jacksonville Jaguars and Orlando City Soccer Club.

Should the funding be recommended as expected for any or all of the sports organizations, then the stadium funding consideration will will organizations are recommended, the dollars dedicated to them will go into tube voted on in the upcoming session of the Legislature.

“The buzz around the capital is the Speedway project is the one that is more worthy because of its economic impact,” Ttate Rep. David Santiago said.

But what the Republican from Deltona has not acknowledged is the extensive investment in Speedway monies in his campaign re-election campaign as well as those of his colleagues among the Volusia County delegation.

 

Santiago:
• 06/30/2013 $500.00 CHE BROWN & BROWN INC. P.O. BOX 2412 DAYTONA BEACH, FL INSURANCE
• 06/30/2013 $500.00 CHE BROWN & BROWN OF FLORIDA INC P.O. BOX 2412 DAYTONA BEACH, FL 32115
Santiago, David (REP)(STR) 07/08/2014 1,000.00 CHE BROWN HYATT 213 RIVERSIDE DRIVE ORMAND BEACG, FL 32176 ADMINISTRATOR INSURA
Santiago, David (REP)(STR) 06/30/2013 500.00 CHE BROWN & BROWN INC. P.O. BOX 2412 DAYTONA BEACH, FL INSURANCE
Santiago, David (REP)(STR) 06/30/2013 500.00 CHE BROWN & BROWN OF FLORIDA INC P.O. BOX 2412 DAYTONA BEACH, FL 32115 INSURANCE
Santiago, David (REP)(STR) 07/23/2014 300.00 CHE DAYTONA BEVERAGES LLC 2275 MASON AVE DAYTONA BEACH, FL 32117
Santiago, David (REP)(STR) 06/21/2013 500.00 CHE EVENT EQUIPMENT LEASING P.O. BOX 2801 DAYTONA BEACH, FL EQUIPMENT LEASING
Santiago, David (REP)(STR) 09/29/2014 1,000.00 CHE EVENT SUPPORT CORPORATION P.O. BOX 2801 DAYTONA BEACH, FL 32
Santiago, David (REP)(STR) 07/08/2014 1,000.00 CHE LYDECKER CHARLES, M. 607 N. BEACH ST. ORMAND BEACH, FL 32174
Santiago, David (REP)(STR) 07/07/2014 1,000.00 CHE MACDUFF UNDERWRITERS 1717 N. CLYDE MORRIS BLVD. STE. 120 DAYTONA BEACH, FL 32117 UNDERWRITER
Santiago, David (REP)(STR) 06/30/2013 500.00 CHE MACDUFF UNDERWRITERS 1717 N. CLYDE MORRIS BLVD DAYTONA BEACH, FL 32117 INSURANCE
Santiago, David (REP)(STR) 09/29/2014 1,000.00 CHE MACNEILL GROUP INC. 1300 SAWGRASS CORPORATE PARKWAY SUITE 30 SUNRISE, FL 33323 INSURANCE
Santiago, David (REP)(STR)
Santiago, David (REP)(STR) 09/29/2014 1,000.00 CHE MOTOR RACING NETWORK 555 MRN DRIVE CONCORD, NC 28027
Santiago, David (REP)(STR) 06/21/2013 500.00 CHE NORTH AMERICAN TESTING COMPANY P.O. BOX 2801 DAYTONA BEACH, FL CONSTRUCTION
Santiago, David (REP)(STR) 06/12/2014 1,000.00 CHE NORTH AMERICAN TESTING COMPANY P.O. BOX 2801 DAYTONA BEACH, FL 32120 CONSTRUCTION
Santiago, David (REP)(STR) 10/16/2014 1,000.00 CHE RACING CORPORATION OF WEST VIRGINIA 1 GREYHOUND DRIVE CROSS LANES, WV 25313 ENTERTAINMENT
Santiago, David (REP)(STR) 12/13/2013 500.00 CHE RACINGONE MULTIMEDIA INC PO BOX 2801 DAYTONA BEACH, FL 32120
Santiago, David (REP)(STR) 02/18/2014 500.00 CHE SOUTHEAST TOYOTA DISTRIBUTORS LLC 100 JIM MORAN BLVD DEERFIELD, FL 33442

Santiago, David (REP)(STR) 06/21/2013 500.00 CHE ISC COM P.O. BOX 2801 DAYTONA BEACH, FL INTERNET
Santiago, David (REP)(STR) 06/21/2013 500.00 CHE ISC PROPERTIES INC P.O. BOX 2801 DAYTONA BEACH, FL
Santiago, David (REP)(STR) 06/21/2013 500.00 CHE INTERNATIONAL SPEEDWAY CORP P.O. BOX 2801 DAYTONA BEACH, FL SPORTS ENTERTAINMENT
Santiago, David (REP)(STR) 09/10/2014 1,000.00 CHE INTERVEST AT WATERS EDGE, LTD 2379 BEVILLE ROAD DAYTONA BEACH, FL 32119 R

06/21/2013 500.00 CHE EVENT EQUIPMENT LEASING P.O. BOX 2801 DAYTONA BEACH, FL EQUIPMENT LEASING
Santiago, David (REP)(STR) 09/29/2014 1,000.00 CHE EVENT SUPPORT CORPORATION P.O. BOX 2801 DAYTONA BEACH, FL 32120 EVENT SERVICES

Santiago, David (REP)(STR) 07/08/2014 1,000.00 CHE BROWN HYATT 213 RIVERSIDE DRIVE ORMAND BEACG, FL 32176 ADMINISTRATOR INSURA
Santiago, David (REP)(STR) 06/30/2013 500.00 CHE BROWN & BROWN INC. P.O. BOX 2412 DAYTONA BEACH, FL INSURANCE
Santiago, David (REP)(STR) 06/30/2013 500.00 CHE BROWN & BROWN OF FLORIDA INC P.O. BOX 2412 DAYTONA BEACH, FL 32115 INSURANCE

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Henry Frederick is publisher of Headline Surfer®, the award-winning 24/7 internet news outlet covering the Daytona Beach-Sanford-Orlando metro area via HeadlineSurfer.com since 2008. A longtime cops & courts reporter focused on breaking news & investigative reporting, Frederick is among the Sunshine State's most prolific daily news reporters, having amassed close to a hundred award-winning byline stories narly eveenly split in print and digital platforms. Frederick earned his Master of Arts in New Media Journalism with academic honors from Full Sail University in Winter Park in February 2019. He was a metro reporter with the Daytona Beach News-Journal for nearly a decade and then served as a city editor for the Taunton Daily Gazette in Taunton, Mass, while maintaining a residence in Central Florida. Prior to moving to Florida, Frederick was a metro reporter for the Rockland Journal-News in Wst Nyack, NY, for seven years. Headline Surfer was named the Sunshine State's top internet news site by the Florida Press Club in 2018.