ISC strikes out again in Washington
ISC officials said they became aware of proposed modifications to their bill in the Legislature that would render it unacceptable.
"We're not going to discuss the specific changes that were proposed to us that made us come to this decision," said Lenny Santiago, spokesman for ISC. "As a public company, we need to be accountable to our shareholders."
Grant Lynch, president of Great Western Sports, a subsidiary of ISC, said the company had already made a number of concessions to the legislation, but various people were proposing several additional modifications before moving the bill forward.
"These additional changes to the legislation were unacceptable and would have had a significant negative impact on our financial model for the speedway development," Lynch said in a prepared statement. "Therefore we have decided to no longer pursue the speedway development at the current location." Kitsapsun.com