http://www.indystar.com/apps/pbcs.dll/article?AID=/20080808/LOCAL1804/808080470
I thought the ordinance was kinda "biting the hand that feeds you" and it looks like speedway figured that out. there must have been some pressure ($$) from somewhere to make them change their minds so quickly.
"There has been some concern raised that we don't send the wrong message, so the council plans to withdraw the ordinances," said Speedway Town Manager Barbara A. Lawrence. "We are very excited about having this race here."