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TO BUILD 500000 TRACK TRACKAT2NICE AT2NICE Cal February 5 Under the terms of the ordinance granting a franchise for the proposed race track at Culver City the latter municipality will receive 1000 yearly for the first five years 2 00 yearly for the second five years and 3710 yearly for the next five years as a franchise tax It is said that the new track will cost 500 00