Indianapolis Motor Speedway Releases Open Letter to the Indianapolis Community

05/08/96

OPEN LETTER TO THE INDIANAPOLIS COMMUNITY

There has been much speculation about how changes to the
Indianapolis 500 will affect auto racing and the Indianapolis
community. Although we in the business community are not qualified to
address all of the intricate issues that have prompted the development
of a new racing league - rules alterations, engine and chassis
adjustments and the like - we do wish to unequivocally voice our
support of a civic partner since 1911 the Indianapolis Motor Speedway.

Ever since the tradition began, the Indianapolis Motor Speedway has
been a strong economic contributor to Indianapolis. Each year,
hundreds of thousands of racing fans travel here and spend tens of
millions of dollars. Around the world, Indianapolis is known as the
racing capital, providing us a positive image and the opportunity to
promote our many other achievements.

We believe the Hulman-George family is motivated by true
sportsmanship and the desire to improve auto racing. We also recognize
that change involves risk and that some businesses have been
affected. Yet, we stand firmly behind the Indianapolis Motor Speedway
and its efforts to produce a plan for the future that secures the
500's rich heritage.

Therefore, we collectively pledge our support of the Indianapolis
Motor Speedway in its initiative to strengthen and perpetuate the
Indianapolis 500 as the premier racing event in the world.


Organizations pledging support of the Indianapolis Motor Speedway
May 2, 1996

ARTS COUNCIL OF INDIANAPOLIS
CORPORATE COMMUNITY COUNCIL
GREATER INDIANAPOLIS PROGRESS COMMITTEE
INDIANA BLACK EXPO
INDIANA CHAMBER OF COMMERCE
INDIANA PACERS
INDIANA SPORTS CORPORATION
INDIANAPOLIS BLACK CHAMBER OF COMMERCE
INDIANAPOLIS CHAMBER OF COMMERCE
INDIANAPOLIS CONVENTION & VISITORS ASSOCIATION
INDIANAPOLIS COLTS
INDIANAPOLIS DOWNTOWN, INC.
INDIANAPOLIS ECONOMIC DEVELOPMENT CORPORATION
INDIANAPOLIS HOTEL & MOTEL ASSOCIATION
INDIANAPOLIS INDIANS
THE INDIANAPOLIS PROJECT, INC.
INDIANAPOLIS URBAN LEAGUE
INDY FESTIVALS, INC.
MIDWESTERN COLLEGIATE CONFERENCE
NATIONAL COALITION OF 100 BLACK WOMEN, INDIANAPOLIS CHAPTER
OFFICE OF THE MAYOR
RESTAURANT & HOSPITALITY ASSOCIATION OF INDIANA