Duke Energy announced Wednesday it has opened the first of three new supercross tracks in Indiana, where it is investing $1.8 billion to develop new, fast-growing markets.
The investment comes amid an expanding, high-tech economy and the company’s plan to increase energy efficiency and renewable energy.
The Indiana track will include a combined 2,500-foot track that will offer a 3,000-foot run.
The track will also provide a high-speed, ultra-high-speed section with a minimum speed of more than 100 mph, Duke said in a news release.
The new track will be developed by the company, Duke Energy, and the Indianapolis Sports Corporation, which is building the track.
The IndyTrack project is expected to cost $3 billion, according to the release.
The announcement came after the company announced the signing of a $1 billion, 50-year lease agreement with IndyTrack for the project.
Duke also announced that the company will build the world’s first 500-foot supercross track in the state, a $100 million project that will include four track sections and a 100-foot oval that will provide a 1,000 mph run.
In addition, Duke will invest $1 million in the development of the world-class IndyCar oval, and its supercross racers will race in the Indianapolis 500 in 2021.
This article was originally published by Next Big News and has been republished with permission.
Follow us on Facebook , Twitter , Google+, LinkedIn