CLASS RACER FORUM - View Single Post - So is e-town really going away?

BKSG1198 · 04-24-2007, 05:41 PM

E-TOWN IN DANGER OF BEING SOLD!?
Over the last couple of years DRO has reported many times concerning rumors about Englishtown Raceway Park in New Jersey being forced to close over noise pollution issues. It is no secret that the local towns and housing developers lust to close the venerable track down and develop the property. Now DRO has heard from a source that has been very reliable in the past with info that the E-town track is really at risk and for several reasons. First, the money offered for the 500-acre tract is seriously large and, second, the noise issues that are on-going are due to be brought up again at the New Jersey state level, which would cost the Napp family a lot of money to fight.

DRO has been told that the Napp family recently turned down an offer of $180 million for the property but counter-offered saying that if the offer was raised to $200 million the family might consider. DRO has been told that eight people own the track, and a $25 million ?golden parachute? for each of the owners would be pretty hard for anyone to resist. With houses being built closer to the track literally every day, history indicates that it seems inevitable the track will eventually be closed and sold. It will be a sad day when it happens. [4/23/2007]

04-24-2007, 05:41 PM	#1
BKSG1198 VIP Member Join Date: Jan 2007 Location: Vineland, NJ Posts: 2,602 Likes: 94 Liked 1,252 Times in 383 Posts	So is e-town really going away? E-TOWN IN DANGER OF BEING SOLD!? Over the last couple of years DRO has reported many times concerning rumors about Englishtown Raceway Park in New Jersey being forced to close over noise pollution issues. It is no secret that the local towns and housing developers lust to close the venerable track down and develop the property. Now DRO has heard from a source that has been very reliable in the past with info that the E-town track is really at risk and for several reasons. First, the money offered for the 500-acre tract is seriously large and, second, the noise issues that are on-going are due to be brought up again at the New Jersey state level, which would cost the Napp family a lot of money to fight. DRO has been told that the Napp family recently turned down an offer of $180 million for the property but counter-offered saying that if the offer was raised to $200 million the family might consider. DRO has been told that eight people own the track, and a $25 million ?golden parachute? for each of the owners would be pretty hard for anyone to resist. With houses being built closer to the track literally every day, history indicates that it seems inevitable the track will eventually be closed and sold. It will be a sad day when it happens. [4/23/2007]