GOING OVER THE TRACK RECORD AT DAYTONA INT'L SPEEDWAY

          Daytona International Speedway is profiled by Jon
     Rabiroff of the Daytona DAILY-JOURNAL.  Even "with a
     sweetheart land deal that saves the Speedway big money in
     potential taxes every year," the DIS is "an incredible
     economic asset."  A deal in the 1950s led to the
     construction of DIS, and its tracks, buildings and
     grandstands sit on about 70 acres owned by Daytona Beach
     Racing and Rec. Facilities District, 375 acres owned by
     Volusia County and 12 acres owned by the Int'l Speedway
     Corp.  Under terms of the district and county leases, which
     expire in 2032 and 2054, respectively, the Speedway "only
     pays $10,000 to rent the 445 acres it doesn't own" and
     therefore pays no property taxes.  It does pay taxes on its
     12 acres, business equipment and other personal property,
     with a taxable value of $9.5M.  The Speedway paid more than
     $225,000 in taxes in '96, making it the ninth largest
     taxpayer in Daytona Beach (Daytona NEWS-JOURNAL, 2/13).