Quote:
Originally Posted by Paul Huryk
Problem is that the 300 or more houses that could be built on a lot like Raceway park or Island (if they were converted to residential lots) would be in the millions per year - maybe RP pays a good amount in property and sales taxes, but Island sure doesn't.
When enough people complain, things happen and that is a fact of life.
I mentioned LA earlier in the thread for a reason - that being a movement toward eliminating any sort of outlying non-residential, minimal tax generating properties. You can even throw farms on that list because they don't generate hardly any property taxes; so if NJ tracks go extinct, don't expect a new one to pop up somewhere out of a huge open field out in the sticks.
Flemington Speedway - remember going there quite a bit when I was younger before they closed...
Towns can and do use just about any means to close down unwanted businesses - EPA, illegal stuff, criminal activity, lawsuits, imminent domain - name it and they do it. As long as a court sides with them, it goes through.
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A lot of farms in our area are preserved farmland/green acres. They are purchased by the municipalities and property owners pay for their taxes or something like that.
You would never see that for a racetrack.
And FWIW, here's another that went away long ago- Flemington Dragway:
