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I TRACK NEAR LOS ANGELES LOS AXGELES Cal February 3 A fran ¬ chise has been granted to Richard Ferris for the building of a race track at Culver City on I the Washington highway adjacent to Gold wyn studios Ferris is said to have asso ¬ ciated with him a number of prominent local business men who believe that the time is ripe for a revival of racing in southern Cali ¬ fornia