Report: Freehold Raceway To Cease Operations
09/19/2024 11:47 AM
Freehold Raceway, which has hosted harness racing on its New Jersey site since the 1830s, will cease operations Dec. 28, according to a story first reported Thursday by Stephen Edelson of the Asbury Park Press.
The story quoted Freehold Borough Mayor Kevin Kane, who stated he learned of the closure after Freehold management told employees in an emergency meeting on the morning of Sept. 19.
“We're blindsided here,” Kane told the Asbury Park Press. “We've had no contact with them about this.”
The story reported that the track is owned by Pennwood, with stakes held by Penn Entertainment and Greenwood.
Freehold is scheduled to run 33 more days of racing this year. Redevelopment plans for the property are not yet clear, according to the story.
Edleson wrote that, “While all racetracks in the state have been eligible to open a sportsbook since sports betting was legalized in 2018, Freehold didn't open its sportsbook until late 2020. The track then closed the sportsbook last month as football season was about to begin.”
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