AVONDALE, La. (AP) -- IndyCar racing officials expressed confidence on Monday that the NOLA Motorsports Park will be able to complete more $4.5 million in improvements needed to host the proposed Indy Grand Prix of Louisiana in suburban New Orleans next year.
"We're delighted by this broad show of support and encouraged by the prospect of a Verizon IndyCar Series race in New Orleans," said Mark Miles, CEO of Hulman & Company, the parent of IndyCar and the Indianapolis Motor Speedway.
Gov. Bobby Jindal, NOLA Motorsports Park officials and Andretti Sports Marketing gathered at the track in Avondale for Monday's formal announcement of the planned race.
Ongoing negotiations include scheduling a weekend for the event, which would also affect the timeline for track improvements that Miles said are needed for "safety, fan enjoyment and quality of racing."
Jindal will need state Legislative approval for $4.5 million, which will be combined with private money to make improvements, including pit area, straight away and perimeter fencing enhancements.
"This is great news for our entire state," Jindal said. "A three-day event would allow us to show off the excitement of an IndyCar Series race right here in Louisiana, as well as our state's culture, entertainment and food. This event would be a great economic driver."
The NOLA Motorsports Park, a private, $60 million facility about 14 miles southwest of downtown New Orleans, features a 2.75-mile road course that has already hosted AMA motorcycle racing and developmental levels of open-wheel auto racing including the Indy Lights, Pro Mazda and USF2000 series.
The track is owned by Dr. Laney Chouest, whose family founded and operates Edison Chouest Offshore, reputedly one of the world's leading builders and operators of sea vessels specially designed to service the offshore oil and gas industries.
Chouest thanked Jindal for supporting a "public-private partnership that will leverage the significant private investment we made into this facility."
Organizers were confident enough in the event's success that they launched an Indy Grand Prix of Louisiana website, indynola.com, which referred to the event as, "Inevitable."
"I'm really pleased to see IndyCar preparing to bring a race to NOLA," said former racer Michael Andretti, CEO of Andretti Sports Marketing. "New Orleans is a great market to grow the sport and I'm excited to have Andretti Sports Marketing involved with the operations and promotion of the inaugural Indy Grand Prix of Louisiana."
IndyCar, which includes the Indianapolis 500 as its marquee event, is the premier American-based open-wheel racing series.
Currently, the series' drivers include Helio Castroneves, Tony Kanaan and Scott Dixon, who are former Indy 500 winners, as well as Marco Andretti, the grandson of former racing great Mario Andretti, and Graham Rahal, son of 1986 Indy winner Bobby Rahal.
AP Auto Racing Writer Jenna Fryer contributed to this report.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.