NASCAR Speedway Possible in N.J.
NEWARK, N.J. (AP) _ The New Jersey Sports and Exposition Authority is willing to move horse racing from the Meadowlands to Monmouth Park to allow a NASCAR track to be built at the complex.
But James DiEleuterio, the authority’s chief executive, reiterated Thursday that the state would not subsidize construction of the $400 million track with taxpayer money, although low-interest loans have not been ruled out.
International Speedway Corp., a company that has an interest in several major racing venues, has been studying the viability of building a stock-car racing facility around the existing track at the complex.
``We’re still committed to the area,″ David Talley, a company spokesman, told The Star-Ledger of Newark. ``We still continue to study, and that includes pictures and maps and everything.″
The Meadowlands has 153 harness racing dates, from December through August. Thoroughbred racing is also held there for 49 nights from September to November.
If plans for the NASCAR track are approved, these dates would be moved to Monmouth Park for a year, while the motor sports facility is built. The track in Oceanport has a 72-day summer thoroughbred meet.