CARROLL PROPERTIES PURCHASES LOUISVILLE MOTOR SPEEDWAY

          Carroll Properties, Inc. has purchased Louisville Motor
     Speedway (LMS) from Kenny Stilger and Andy Vertrees. 
     Carroll Properties Chair Jerry Carroll will retain Vertrees
     as LMS' promoter and GM, and will spend $400,000 for a new
     racing surface (Carroll Properties).  In Cincinnati, Terry
     Flynn reported that Carroll and his four business partners
     expect to spend $100M on the 60,000-seat superspeedway.  The
     partners "don't yet have a single commitment for a race date
     from any major sanctioning body," but Carroll said is
     confident the facility "will attract the big races." 
     Carroll's plans "call for an expansion to 180,000 seats by
     2002."   Carroll's partners include Richard Duchossois,
     owner of Arlington Park race track; John Lindahl, a partner
     in Turfway Park; Bruce Lunsford and Chris Sullivan, founder
     of Outback Steakhouse and general partner of the MLB Devil
     Rays (Terry Flynn, CINCINNATI ENQUIRER, 1/9).