I would recommend finding a hotel close to the track. The reason is the first day last year we waited for about 2 hours to get into the track. It was a complete nightmare. So, you go very early on Saturday or you don't go until closer to lunch.
If we had a good count on who's going then we could get a block of rooms somewhere. The wife isn't going this year so I'll probably be by myself. So, I could care less where I stay. I'm not as picky as her.
Noah, you want to call around and see what's available?