DAYTONA BEACH, Fla., Nov. 30 /PRNewswire-FirstCall/ -- International Speedway Corporation (NASDAQ:ISCA) (OTC:ISCB) (BULLETIN BOARD: ISCB) ("ISC") announced today that its subsidiary, Great Western Sports Inc. ("GWS"), has released its financing proposal for a $345 million motorsports facility in Kitsap County, Washington, approximately 20 miles outside downtown Seattle. The financing plan proposes a public-private partnership where GWS will pay $166 million, or nearly half of project costs, plus any construction cost overruns and costs related to the regular maintenance and operation of the facility. Kitsap, Pierce and Mason Counties will form a tri-county Public Speedway Authority (PSA), and will issue bonds to help finance construction of the track. The bonds will be repaid through a sales tax credit issued by the state to the PSA, and from a local tax on the facility. "The financing proposal is a major step forward in our efforts to develop a premier motorsports facility in the Seattle area," said Lesa France Kennedy, President of ISC. "This significant investment demonstrates our commitment to bring motorsports entertainment to this underserved market. We believe our proposal represents a win/win opportunity for all parties involved, including the local communities which stand to benefit from the economic gains associated with our project. We will continue with our project due diligence, including the introduction of necessary state legislation early next year, and we remain optimistic that we will be racing in Washington in 2010." GWS plans to introduce state legislation to create the PSA and authorize the issuance of general obligation bonds to help finance the project. The Washington Legislature convenes in January and concludes in March 2006. International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 11 of the nation's major motorsports entertainment facilities, including Daytona International Speedway in Florida (home of the Daytona 500); Talladega Superspeedway in Alabama; Michigan International Speedway located outside Detroit; Richmond International Raceway in Virginia; California Speedway near Los Angeles; Kansas Speedway in Kansas City, Kansas; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; Martinsville Speedway in Virginia; Darlington Raceway in South Carolina; and Watkins Glen International in New York. Other motorsports entertainment facility ownership includes an indirect 37.5% interest in Raceway Associates, LLC, which owns and operates Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois. The Company also owns and operates MRN Radio, the nation's largest independent sports radio network; DAYTONA USA, the "Ultimate Motorsports Attraction" in Daytona Beach, Florida, the official attraction of NASCAR; and subsidiaries which provide catering services, food and beverage concessions, and produce and market motorsports-related merchandise under the trade name "Americrown." In addition, the Company has an indirect 50 percent interest in a business called Motorsports Authentics, which markets and distributes motorsports-related merchandise licensed by certain competitors and team owners in NASCAR racing. For more information, visit the Company's Web site at http://www.iscmotorsports.com/ . Statements made in this release that express the Company's or management's beliefs or expectations and which are not historical facts or which are applied prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained in or implied by such forward-looking statements. The Company's results could be impacted by risk factors, including, but not limited to, weather surrounding racing events, government regulations, economic conditions, consumer and corporate spending, military actions, air travel and national or local catastrophic events. Additional information concerning factors that could cause actual results to differ materially from those in the forward- looking statements is contained from time to time in the Company's SEC filings including, but not limited to, the 10-K and subsequent 10-Qs. Copies of those filings are available from the Company and the SEC. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be needed to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by International Speedway or any other person that the events or circumstances described in such statement are material. DATASOURCE: International Speedway Corporation CONTACT: Wes Harris, Senior Director, Investor Relations, ISC, +1-386-947-6465 Web site: http://www.iscmotorsports.com/

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