Freehold Raceway set to close in December

Raceway has been operating for over 50 years

Freehold Raceway, a horse racing track in New Jersey, is set to close its doors in December, according to a report from the Asbury Park Press.

Decision made due to financial difficulties

Freehold Raceway has been struggling financially for several years, and the decision to close was made after "careful consideration" of the track's "financial situation," according to Freehold Raceway CEO Howard Blank. The track has been losing money for years, and the COVID-19 pandemic only exacerbated the problem.

Staff to be laid off

The closure of Freehold Raceway will result in the layoff of approximately 150 employees. The track has been a major employer in the Freehold area for over 50 years, and its closure will have a significant impact on the local economy.

Historical significance

Freehold Raceway has a long and storied history. It opened in 1948 and has hosted some of the biggest names in horse racing, including Triple Crown winner Secretariat. The track has also been the site of several major races, including the Hambletonian Stakes and the Meadowlands Pace.

Fans disappointed

The closure of Freehold Raceway has been met with disappointment from fans and racing enthusiasts. Freehold Raceway is one of the last remaining horse racing tracks in New Jersey, and its closure will leave a void in the state's racing scene.

In an interview with the Asbury Park Press, Blank said he understands the disappointment of fans, but he said the decision to close the track was "necessary."

"We've been struggling financially for several years, and the pandemic only made things worse," Blank said. "We've explored every option to keep the track open, but we've come to the conclusion that it's not possible."

Freehold Raceway will close on December 31, 2023. The track will host a series of farewell events in the lead-up to its closure.