Nascar Scraps Staten Island Racetrack

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International Speedway Corporation has scrapped plans to build a track on Staten Island. Public opposition and complaints about traffic and environmental problems proved too much for the company to overcome.

The company still wants to bring racing to the New York metro area. International Speedway bought 676 acres on Staten Island for the racetrack, stadium and parking. It says it now will sell the land. Richard Hake and Dan Blumberg discuss what's next.