"Without getting into all of the whys and wherefores, pleaseknow that we, as a partnership group holding four equal 25% shares,did everything in our power these past six years to providetop-quality short-track racing and keep the doors open," saysTimothy Shinn, managing member of the group. The other partners areFred Archer, Joseph Sanzari and the Creamer family.

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"We have made numerous attempts to create a scenario which wouldenable us to continue with the Speedway operation, all to noavail," Shinn says. "We did everything in our power to continue toheritage which was always associated with Wall Stadium. My partnersand I are left with no alternative than to close."

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The partners cited declining attendance and revenues and ongoingoperating losses, but did not release figures. The group, all ofwhich have ties to auto racing beyond owning this facility,acquired the property from the founding Nicol family in early 2002for an undisclosed price. "We were wholly committed to itscontinuance as the top quality racing facility it had always been,"Shinn says.

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Since acquiring Wall Township Speedway, which for most of itsexistence was known simply as Wall Stadium, the four partners hadrenovated the one-third mile oval, its grandstand and concessions.Improvements included paving the put area and installing aone-fifth mile inner track.

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The partners also declined to divulge their plans for the site,although speculation centers on a sale and redevelopment. In 2005,in fact, when news of the track's struggles surfaced, Walldon PondLLC, a partnership of Sterling Properties of Livingston and MDKDevelopment of Paramus, had an offer on the table to buy theproperty and turn it into 200 age-restricted townhouses and upwardsof 100,000sf of office and retail. That proposal fell through becauseof local opposition related to density issues.

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Wall is the second short-track racing facility to shut down inrecent years in the Garden State. A few years back, the FlemingtonFairgrounds and Speedway in Flemington was shuttered, and iscurrently being redeveloped byGarden Commercial Properties of Short Hills as Raritan Town Square,a 520,000-sf mixed-use project.

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