WALL, N.J. - One of New Jersey's oldest stock-car tracks has been shuttered because its owners and manager failed to reach a new lease agreement.
The decision to suspend racing at 60-year-old Wall Stadium was made public this weekend when manager Jim Morton posted a notice on the track's website.
Citing financial concerns, Morton said he decided to cease operations after unsuccessfully seeking a lower lease amount. He had overseen racing since April 2009.
Timothy Shinn, one of the five co-owners of the track in Monmouth County, told the Asbury Park Press of Neptune that the group hoped to find a new track operator soon.
But Shinn said they have no plans to run the stadium themselves.
This marks the second time since March 2008 that the track had been shut down.