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why should races be closed to public?
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The races started out as private events. Private individuals own those aircraft and race them as a very costly and expensive hobby. Nobody makes money at the races and allowing spectators is catering to the publics own personal enjoyment. The proceeds from the ticket sales offsets the expense of handling parking, a place for them sit, and the higher insurance rates the airport has to pay for having spectators.
Why should they be closed to the public? Life entails risk....
If an owner puts the fruits of labor at risk by sharing the a joy of aviation and passion for flight with the public, he runs the risk of somebody who climbs on the wing to look in the cockpit, slipping, falling, and suing him.
Now he isn't passing on anything, even for himself. He is paying lawyers and spending time in court.
No thanks....