THATSRACIN.COM is reporting that the NASCAR Hall of Fame in Charlotte lost $1.6 million in 2012.
The NASCAR Hall of Fame is a $200 million public-private partnership, funded by occupancy and meal taxes through the Charlotte Regional Visitors Authority (CRVA). It was a centerpiece of Pat McCrory's tenure as Charlotte mayor. As Deputy Assistant Governor, McCrory wants to extend this public-private partnership model to economic development across the state. Why exactly is that a good idea, except for those who end up with the money?