News #2 97-12-18

NASCARFans E-Mail Newsletter International Speedway Corporation (ISC) has announced that its board of directors and the Unified Government of Wyandotte County, Kansas City, Kan., have unanimously approved the development agreement for a ...

NASCARFans E-Mail Newsletter

International Speedway Corporation (ISC) has announced that its board of directors and the Unified Government of Wyandotte County, Kansas City, Kan., have unanimously approved the development agreement for a 1.5-mile oval motor speedway in Western Kansas City, Kan.

The facility will be developed through International Speedway Corporation's wholly-owned subsidiary, Kansas International Speedway Corporation. Major terms of the agreement were previously announced on Dec. 11, 1997.

Jim France, president and chief operating officer of ISC said, "We are thrilled to receive the official green light for the next phase of this exciting project. The unanimous 10-0 vote by the unified board of commissioners confirms our belief that the local community is supportive and enthusiastic about the project, and recognizes that this motorsports facility will provide long-term benefits for the community.

"While there are still a number of steps to be performed, including acquiring the necessary land, soliciting bids for construction and solidifying financing for the project, we are optimistic that these can be accomplished in time to break ground by mid-1998."

Per earlier announcements, the first phase of the facility is slated to be completed by the year 2000. A schedule of top level motorsports events will be negotiated when ground is broken.

International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 70 events annually. The company owns and/or operates five premier motorsports facilities, including Daytona International Speedway in Daytona Beach, Fla. (home of "The Great American Race," the Daytona 500); Talladega Superspeedway; Phoenix International Raceway; Darlington Raceway; and Watkins Glen International.

Other track interests include the operation of Tucson Raceway Park, a 40-percent stake in the Metro-Dade Homestead Motorsports Complex, an approximate 11-percent holding in Penske Motorsports, Inc. and a seven-percent interest in Grand Prix Association of Long Beach (Calif.).

International Speedway Corporation owns and operates MRN Radio, the nation's largest independent sports radio network, as well as DAYTONA USA, "The Ultimate Motorsports Attraction," in Daytona Beach.

(NASCAR Online) ===== Sears Point has added a "chute" or straightaway which bridges an area between turns four and seven of the 12-turn road course. The purpose is to decrease lap times (by 20 seconds!) to provide a place for NASCAR stock cars to pass. The chute will be in place for the June 28, 1998 Winston Cup race.

===== As promised:

T minus 31 days and counting 'til the Craftsman Chevy Trucks Challenge T minus 52 days and counting 'til the Winston Cup Bud Shootout T minus 57 days and counting 'til the Busch Series NAPA Auto Parts 300 T minus 58 days and counting 'til the Winston Cup Daytona 500 ==== Mike Irwin (mailto:mike@nascarfans.com) NASCAR Fans _______________________________________

NASCAR Fans Website http://www.nascarfans.com _______________________________________

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Series NASCAR Cup