Wall Stadium Speedway, “the roar at the shore,” announced it will officially end its operations after the 2020 racing season.
Wall Speedway Properties LLC, owners of the stadium, said on Wednesday they reached a “carefully thought out” decision to officially cease operations at the end of next year’s racing season.
According to a press release, the decision paves the way for significant improvements to the 49-acre site, at the intersection of Route 34 and West HurleyPond Road in Wall Township.
The majority of the sprawling tract consists of giant parking lots that lie mostly dormant, other than the handful of days each year when the track is open for competition.
As part of the overall plan to revitalize the property, Pulte Homes has applied to the Wall Township Zoning Board to redevelop the soon to be vacant property. Pulte’s plan includes a mix of two- and three-bedroom stacked townhouses.
In addition, 70 two-bedroom apartments will be made available to low/moderate-income residents as administered by the State of New Jersey’s Affordable Housing Program.
In total, Pulte intends to build 348 homes on the property, including the apartments.
A public hearing date before the zoning board has yet to be announced.