Town of Speedway Announces New Clerk-Treasurer

FOR IMMEDIATE RELEASE
February 1st, 2020

For more information, contact:
Kelly Buck, Director of Communications
kbuck@speedwayin.gov
P: 317-246-4120
C: 765-620-1603

Jacob Blasdel Takes Office as Speedway Clerk-Treasurer
Former Town Manager, Jacob Blasdel, sworn in as Clerk-Treasurer for Town of Speedway

SPEEDWAY – The Town of Speedway announced today that Jacob Blasdel has been elected Speedway Clerk-Treasurer. Blasdel resigned from his current position as Speedway Town Manager and was elected as the Speedway Clerk-Treasurer on Saturday, February 1st at 9:15am by the local precinct committee members. Senator Mike Young swore Blasdel into office immediately following the vote.

Town of Speedway leadership are grateful Blasdel stepped up to the plate. His strong performance as town manager and background in finance made him an ideal candidate for continuing to build upon the success of his predecessor, Monty Combs. Combs announced his retirement earlier this month and finished his last day as Clerk-Treasurer on Friday.  

Blasdel expressed his interest in the role in order to continue to serve his community and maintain the level of integrity currently upheld in the office. “Having served as the town manager of Speedway since April of 2017, I have been able to see how critical the clerk-treasure position is to the continued financial health and wellbeing of our community,” Blasdel stated. “I look forward to the challenge of continuing Monty Combs’ success in the office, working with the strong team in place, and finding ways to continue improving services for residents and businesses in Speedway.”

During his time as the town manager, Blasdel oversaw projects such as the acquisition of the former PNC building on Crawfordsville Road, which is to be the future site of the Speedway Government Center, the paving of the B&O Trail through Speedway, and the construction and processing of new FEMA floodplain maps for the Dry Run Diversion plan. “It has been a pleasure to work closely with Jacob the last few years in his capacity as town manager. He has shown time and time again that he is committed to making Speedway a better place to live and I think the progress we’ve made over the last three years speaks to his ability to oversee and manage projects both large and small. I have no doubt Jacob will excel as clerk-treasurer and I look forward to continuing to work with him,” stated Tim Gropp, economic development director.  

Prior to working with the Town of Speedway, Jacob Blasdel spent his career focusing on infrastructure finance in the public and private sectors. From 2008-2012, Blasdel worked for the State of Indiana, where he served in the Office of Management and Budget (OMB) and the Indiana Finance Authority.

Among the agencies he was responsible for at OMB included the state’s Department of Transportation and Family and Social Services Administration. He also helped monitor performance metrics for state government operations and federal grants. While at the Indiana Finance Authority, he gained valuable experience working on the $675 million Ohio Bridges East End Crossing Project, which was named the “2013 Deal of the Year” by The Bond Buyer.

Jacob Blasdel came to the Town of Speedway from The AES Corporation, the parent company of Indianapolis Power & Light. At AES, he supported utility and power plant construction and refinancing transactions, navigating local land use laws, engineering requirements, and budget forecasting. He also has been responsible for cash management of assigned power plants and utilities, debt management and compliance, and bank and rating agency performance updates. He is a graduate of DePauw University and earned his MBA from Indiana University’s Kelley School of Business.

“Having served with Jacob on the Speedway Community Development Corporation board of directors and working with him during his tenure as our town manager, I know he is uniquely qualified to serve as Speedway’s Clerk-Treasurer,” stated precinct committee member, Tom Popcheff. “Jacob has the experience and skills to assure the financial stability of our community and to continue to support the town’s redevelopment initiatives.”  

Cindy Kirchhofer, Marion County Republican Central Committee, wrote to committee members in a letter on January 21, 2020 stating that the caucus was to be held to fill the vacancy of the office of Clerk-Treasurer of the Town of Speedway created by the retirement of Monty Combs. Kirchhofer also provided the rules for filing as a candidate, although Blasdel ultimately ran unopposed.

Like many Speedway residents, Jacob Blasdel has family ties to the community. He and his wife moved to Speedway in late 2012 when they purchased her grandparent’s home, where they continue to reside.

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