Can you drive with the TRACS off light on?

my ABS hasnt worked in many years...i bought the car off my uncle who took very good care of 1997 850 nonturbo model...when things would break he would take it to the dealership to get them fix and such.

just recently the TRACS off light came on and im wondering if you can drive with it the TRACS off and how much it will cost if it needs to be fix

 

Yes you can drive with it on that just means that you dont have traction control.
As for the fix, it is most likely the abs module.. You can either try to repair it yourself of buy an new/rebuilt one from either IPD or FCPGroton..

 

The ABS controls the TRACKS. I don't usually turn mine on. I guess you are saying you got a warning in your dash?