International Speedway Corporation and KB Marine Holdings Extents the Closing of Property Sale

International Speedway Corporation ISCA today announced that it executed a second amendment to its definitive agreement to sell its 676-acre parcel of property located in Staten Island, New York, to KB Marine Holdings LLC. The Second Amendment provides an extension to KB Holdings to close the transaction on or before November 30, 2010. The total sales price is $88.0 million, $32.6 million of which is payable in cash at closing, non-refundable, and $54.4 million of which will be in the form of a promissory note payable on or before August 31, 2011.