Wall Stadium Lives To Race Again
WALL, N.J. — Yet another chapter in the tortured recent history of New Jersey’s Wall Stadium began in early January when it was announced that businessman and car owner Cliff Krause has secured a lease to operate the speedway in 2011.
The third-mile paved oval was owned and operated by the Nicol family for more than 50 years, but in 2002 a new multi-party ownership group took over. Those owners closed the gates at the end of the 2007 season, citing red ink as the reason.
In late 2008, Jim Morton re-opened the track and operated it through August of 2010, when financial difficulties again led to the secession of racing.
The track’s traditional year-end Turkey Derby was run in 2010 under a one-weekend lease held by Don Ling and the Blewett family, but racing in 2011 remained in doubt.
Krause, who for more than 30 years has operated a New Jersey-based food products company, did a brief stint as a race driver before becoming a car owner and sponsor, on both dirt and pavement.
Because the speedway grounds remain for sale, Krause’s lease is for one year.
An event schedule has not yet been released, but Krause has indicated that weekly racing is his intent and that the participating classes will remain familiar.