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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