Ah ha, yes thank you! Forgot about DEBUG interface...
I have found the option inside DEBUG that fixes my issue!
I had to uncheck "MSAA4X" and now my textures appear..
However, I do not know how to add this graphic option to any .ini file.
I tried opening GameData\config.ini and adding a line to [Render] section, such as "MSAA4X = 0", but it did not work.
Even stranger, every time the scene changes, or if attract mode loops again, I have to check this ON and then OFF again to fix. If I play, I have to do the same, ON, then OFF, every time a new menu comes up or the race starts.
Very strange. :(
I must figure a way to make this option stick in a config file!