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Not sure who's done your paving but I'm willing to bet that oval cost way more than "next to nothing" considering the amount of work that went into prepping that entire area for it, moving the T2 wall, reclaiming the old surface, etc.
Unless you are in close with the finacial people of LRRS, I'd like to know where the rest of your opinion is based off of. I'm assuming that, since you have knowledge of what LRRS brings in, what they are spending on a given racing series and what going price was for that oval you must know someone or have access to hard numbers.
You can choose to see it or not but the fact is, someone dumped a load of money into a racing series of unknown success rather than putting it into the safety aspect of an already-established racing series. This is only one man's opinion based on observation and what I see is a line in the wrong place, a crash zone that puts riders directly in the pit-out lane and a whole bunch of new tar that was laid down in a giant oval rather some simple and additional sections of protection for the motorcycle racers.