ISC Continues Pursuit of Development Project in Pacific Northwest

DAYTONA BEACH, Fla., Nov. 22, 2004 -- International Speedway Corporation ("ISC") today announced it will resume pursuit of additional sites for the development of a major motorsports facility in the Pacific Northwest. After preliminary due diligence during the past six weeks on a site proposed by Snohomish County and the City of Marysville, it has been determined the site-specific costs of this project were beyond what was originally anticipated. As a result, Snohomish County and Marysville have withdrawn their proposal, allowing ISC to resume exploration of other potential locations.

"We remain committed to bring major motorsports entertainment to the Pacific Northwest," commented H. Lee Combs, Senior Vice President of Corporate Development of ISC. "While we are disappointed that the site in Marysville was not feasible, our enthusiasm for the area is in no way dampened. There has been interest and support for this major opportunity from several other municipalities in Washington as well as from State officials, who recognize the economic benefits and long-term positive potential impact of our plan. We remain very optimistic in our ability to construct a world-class racing facility in this region of the country."

International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 100 events annually. The Company owns and/or operates 11 of the nation's major motorsports 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; Watkins Glen International in New York. Other track ownership includes Nazareth Speedway in Pennsylvania and 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." For more information, visit the Company's Web site at http://www.iscmotorsports.com/.