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To answer the thread title, we don't have it because police don't like street racing at all. They're trained to assume that it's dangerous and assume that no one is trained. They're trained to believe that driving fast is synonymous with driving dangerously, despite statistics that say otherwise.
When the San Jose Downtown Association was fielding the idea of the San Jose Grand Prix a few years back, and the idea was that they'd be racing downtown, I heard a lot of local cops complaining that it would be impossible to keep safe and that it would ruin the streets. It was approved and ran several years without incident. It was a lot of fun, even.
I suspect there are a lot of misconceptions with street racing. It can be dangerous, absolutely, but as someone who used to street race in my youth, I can tell you that most of those involved took the utmost care to choose spots that were completely free of any possible pedestrian and that never saw any traffic. Locally, we chose side streets in commercial areas all over Milpitas and didn't start racing until midnight. We never had any trouble. I can't even remember so much as a minor fender-bender.
Regardless, it is illegal, and there is a want for this. Someone tried to open a track near Eastridge Mall a few years back, but the city didn't want the noise. Had it opened, it would have attracted tourism, it would have provided a legal area for people to do what they would otherwise do illegally, and it would have been a lot of fun. Also, if something bad did happen they'd likely be in better hands.
I can't understand why, after seeing a decrease in illegal street racing by 80-90%, that people aren't jumping on board here in the US. It's common sense, isn't it?
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