WEYMOUTH Speedway bosses have withdrawn their planning application while the site is assessed for noise reduction measures.
Club Chairman Brian White said the track may be fitted out with acoustic netting to limit noise and ensure it is allowed to open again next season.
West Dorset District Council initially granted the track temporary planning permission until July 2005 but full planning permission is now needed.
The council has already received 138 letters and emails regarding the application.
Most support the application but there are also objections from Weymouth residents complaining about the 'intrusively loud' noise levels.
Mr White said: "I think there have been about 12 complaints.
"We have read those letters and taken on board what they are saying. They are not trying to close us down, but want noise restricted or limited.
"We can work with that."
Both Weymouth and Portland Borough Council and Chickerell Parish Council plan to oppose the application unless the noise problem is addressed.
Debbie Redding, principal planning officer for Weymouth and Portland Borough Council, is requesting a 'full acoustic survey' and an 'acoustic plan'.
Mr White said a team of experts in acoustics were now looking at ways to reduce noise from the site and satisfy any concerns from residents.
Jim Prowse, spokesman for Chickerell Town Council, said: "Noise was an issue for the town council.
"We objected on the grounds of no sufficient attempt to reduce the noise levels so if it's been withdrawn to address this problem it's a step in the right direction."
Weymouth speedway bosses are hoping to resubmit the application in a few weeks with suggested improvements to combat noise.
Mr White said: "People don't realise what we are actually doing for Weymouth and Portland.
"Speedway attracts regular visitors to the area which benefits the local economy."
Letters of support have also been received from families and young residents wanting the track to remain.
He added:" I just can't believe the position we are in.
"If the cost involved is very high we will have to look at sponsorship to sort out what we have to do."
"It would be a great shame if we were to lose it."
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