International Speedway Corporation Comments On Status of Bond Issuance for Kansas City Project.

DAYTONA BEACH, Fla.--(BUSINESS WIRE)--Oct. 1, 1998--International Speedway Corporation (Nasdaq/NM: ISCA; OTC Bulletin Board: ISCB) announced today the sale of bonds by the Unified Government of Wyandotte County/Kansas City, Kansas has been delayed pending the resolution of litigation against the Unified Government. The proceeds from the bonds will help finance the construction of a 1.5-mile oval motor speedway in western Kansas City by Kansas International Speedway Corporation ("KISC"), a wholly owned subsidiary of International Speedway Corporation.

"We are actively working with various parties, including the Unified Government, and are hopeful a timely resolution can be reached," said Grant Lynch, President of KISC. "We remain firmly committed to this project because it will produce an exciting new venue that will serve a growing motorsports market while contributing strongly to both the local Kansas City and state economies. In the interim, we, in conjunction with the Unified Government and the Kansas Department of Transportation, are proceeding with land acquisition and site work. The delay, however, has affected our construction timetable and may affect our ability to schedule racing for the year 2000 as initially planned."

International Speedway Corporation is a leading promoter of motorsports activities in the United States, currently promoting more than 80 events annually. The Company owns and/or operates five premier motorsports facilities, including Daytona International Speedway in Florida (home of the Daytona 500), Talladega Superspeedway in Alabama, Phoenix International Raceway in Arizona, Darlington Raceway in South Carolina and Watkins Glen International in New York. Other track interests include the operation of Tucson (AZ) Raceway Park, a 45% stake in Metro-Dade Homestead Motorsports Complex, and an approximate 11% holding in Penske Motorsports, Inc. (Nasdaq:SPWY). The Company also owns and operates MRN Radio, the nation's largest independent sports radio network, and DAYTONA USA, the award-winning "Ultimate Motorsports Attraction" in Daytona Beach, FL.

Statements made in this release that state the Company's or management's beliefs or expectations and which are not historical facts or which apply prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained or implied by such forward looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained from time to time in the Company's SEC filings including but not limited to the 10-K and subsequent 10-Q's. Copies of those filings are available from the Company and the SEC.