According to my knowledge, a friend of mine, who was a professional racer in USA in production cars category, has made plans and feasibilities for a Race track [not a drag strip] with a proper Racing school. He also had meetings with Government Officials in this regards, but there is no result unless the officials are awarded salutes with bribes. Nothing went on and still those plans lie with him since last 3 years.
He planned for a revenue earning Racing School and a Track on which one would get membership to practice or joyride and can also be provided for professional race hosting events. This would earn revenue to government, would make our streets safer and would produce exceptional race drivers out of our street racers. His plan included a proposal to invest on track building if government provides land and to share 50% on revenue earned.