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78S41734 MMS-D

By:  Merritt                                                    H.C.R. No. 25 



CONCURRENT RESOLUTION
	WHEREAS, The Texas Motor Speedway (TMS) in Fort Worth, which 
currently hosts a NASCAR Nextel Cup race in the spring, has been 
chosen to host two Nextel Cup races a year beginning with the 2005 
season; and
	WHEREAS, The 2005 events are the Samsung/RadioShack 500 on 
April 17 and the Lone Star 500 on November 6; as one of the final 10 
Nextel Cup races of the season, the November race places TMS in the 
Chase for the Championship playoff format that decides the Nextel 
Cup championship; and
	WHEREAS, Texas presently boasts two Nextel Cup champions in 
Corpus Christi natives Terry Labonte, who won in 1984 and 1996, and 
his younger brother, Bobby Labonte, who claimed the title in 2000; 
and
	WHEREAS, A recent economic impact study concluded that a 
second NASCAR Nextel Cup race at TMS would generate an estimated 
$295.7 million in new economic activity in the region during the 
2005-2008 period, or an average of $74 million annually; the same 
report indicated that the TMS complex, which includes The Speedway 
Club and Lone Star Tower offices, will have a $214 million impact on 
the North Texas economy in 2004; since construction began on the 
track in 1995, the speedway has pumped more than $2 billion into the 
region; and
	WHEREAS, The Texas Motor Speedway opened in 1997 as the 
second-largest racing complex in the country, exceeded only by its 
counterpart in Indianapolis; TMS features a 1.5-mile, quad-oval 
track and can seat 150,061 spectators; a state-of-the-art facility, 
it introduced many amenities never before made available at an auto 
racing venue; and
	WHEREAS, The addition of a second NASCAR Nextel Cup race to 
the TMS calendar has been likened to a city's being chosen to host 
two Super Bowls in the course of a single year; a momentous occasion 
for motor sports fans in Texas and a tremendous engine for the North 
Texas economy, the new race will bring still more national and 
international attention to Fort Worth and promote even further the 
growth of motor sports in the Lone Star State; now, therefore, be it
	RESOLVED, That the 78th Legislature of the State of Texas, 
4th Called Session, hereby congratulate the Texas Motor Speedway on 
its selection to host a second NASCAR Nextel Cup race beginning in 
2005 and extend to all those associated with the speedway sincere 
best wishes for continued success; and, be it further
	RESOLVED, That an official copy of this resolution be 
prepared for the Texas Motor Speedway as an expression of high 
regard by the Texas House of Representatives and Senate.