International Speedway Corporation Terminates Agreement to Sell Staten Island Property

International Speedway Corporation ISCA today announced the termination of the agreement with KB Marine Holdings LLC for the sale of its Staten Island, New York property. KB Holdings did not fulfill the terms of the second amendment to its definitive agreement to close the transaction on or before November 30, 2010. As a result of the transaction terminating, ISC will pursue discussions immediately with alternative buyers for the 676-acre parcel of property located in Staten Island.