N.J. Senate to consider bill providing for NASCAR track in Millville
TRENTON — State senators pushed forward legislation today to help bring a NASCAR auto racing track to Cumberland County.
The legislation twice passed the Assembly, but hadn't received recent Senate consideration until it was released today by a Senate economic growth committee.
The measure would help bring a 700-acre race track complex to Millville.
Under the bill, a sports and entertainment district would be created and the town could charge an additional 2 percent sales tax within the district, including on sales of food and drink, hotel rooms and event tickets.
Money from the tax would be put into a fund to either back bonds issued to build the $100 million track or cover financial assistance for a developer.
Officials hope to start building the track early next year.
"This motor park would be an economic benefit to South Jersey in particular and to the state as a whole and would be paid for entirely by levies on the users of the facilities inside the motor park," said sponsor Sen. Nicholas Asselta, R-Cumberland.
TRENTON — State senators pushed forward legislation today to help bring a NASCAR auto racing track to Cumberland County.
The legislation twice passed the Assembly, but hadn't received recent Senate consideration until it was released today by a Senate economic growth committee.
The measure would help bring a 700-acre race track complex to Millville.
Under the bill, a sports and entertainment district would be created and the town could charge an additional 2 percent sales tax within the district, including on sales of food and drink, hotel rooms and event tickets.
Money from the tax would be put into a fund to either back bonds issued to build the $100 million track or cover financial assistance for a developer.
Officials hope to start building the track early next year.
"This motor park would be an economic benefit to South Jersey in particular and to the state as a whole and would be paid for entirely by levies on the users of the facilities inside the motor park," said sponsor Sen. Nicholas Asselta, R-Cumberland.