In accordance with R.C. § 4511.252 the City Council in conjunction with the county commissioners may by joint consent cause any road, street, or highway in the county, whether within or without the limits of a municipal corporation, excepting state highways, to be closed to public travel, except in cases of emergency, for periods of not to exceed 24 hours, and during such period the roads, streets, or highways so closed may be used for supervised sports car racing.
(A) Any competitive racing event to be held upon a public road, street, or highway shall be sponsored by a recognized responsible organization.
(B) Any race held pursuant to division (A) of this section shall be conducted under the rules and regulations of the Sports Car Clubs of America.
(C) Adequate barricades shall be maintained at all hazardous sections of the racing course, hazardous corners shall be provided with barricades in the form of bales of hay or similar material sufficient to check accidental deviations from the course, and spectators shall be prohibited from entering a designated zone within 200 feet from the corner extending 200 feet along the exit outside section of the corner.
(D) The sponsoring organization under division (A) of this section shall furnish public liability insurance in the amount of $250,000 because of bodily injury to or death of one person resulting from any one accident, in the amount of $1,000,000 because of bodily injury to or death of two or more persons in any one accident, and in the amount of $50,000 because of injury to property of others in any one accident.
(ORC § 4511.252)