The vote on Tuesday fell 47 votes short of the one third of all eligible voters requirement.
The same thing happened during an election back in May. During both elections, most voters voted for the proposal, but not by the quorum required for passage.
Jeff Anspach with Warm Springs Economic Development says they're tyring to diversify the economy.
"Up to this point, essentially the tribe owns one third of the Pelton Round Butte Dam complex, the mill, Kahneeta Resort and the casino on the highway. They want to expand their economic base. This is stuff the tirbe has done before, but this would take it to a new level, that's for sure."
The project would include a drag strip, road course, oval track and dirt track.
The 230 million dollar project would create more than 400 jobs during consturtion and 200 jobs during operation.
Anspach is frustrated by the failure, but doesn't know if they'll go out for a third time to get the proposal through.