TrackRacket
TrackRacket was formed to identify and document how the excessive noise generated by the NJ Motorsports Park affects the quality of life and property rights in the surrounding communities. 

Membership is open to all those who share our goal to reduce the excess noise levels we are currently experiencing.

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Property Values

Doubtful about loss of property values?
1-27-10

From The Register Star Online, Hudson, NY:
Robinson Leach, who owns a real estate company near Lime Rock Racetrack in Lakeville, Conn., implored the board members to reject the application.

“If a sports track that allows unmuffled vehicles, Ducatis, Harley Davidsons, jet skis, snowmobiles or the like is built,” he said, “everyone in three miles will have their property values [reduced] by 50 percent more or less, and the time [looking for buyers] stretched for years. The town fathers will be sentencing the town’s property owners to lowered property values.”

Gary Stoller, a 33-year resident of Taghkanic, contacted New Lebanon realtors and found they had experiences similar to Leach’s when the speedway there expanded.  “The properties closest to the track were not always the most affected,” he said. “Often a few miles away it was worse, especially in the elevated areas.”  He also learned that no new homes were built near the track.

Barbara Willner read a letter from Sydney Puccio, talking about how her New Lebanon Shaker farmhouse lost half its value and took a long time to sell in the boom market of 1998 after the speedway, three miles away, expanded.


Read the full article "Noise, property value concerns raised at hearing"

Published: February 10, 2009
Read the outcome of their lawsuit-
"Group is ‘cautiously celebrating’ decision" Published: Wednesday, January 13, 2010
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IF YOU WANT TO KNOW WHAT PEOPLE SAY ABOUT BUYING A HOME NEAR The NJMP-
CHECK OUT THESE FORUMS:

http://www.city-data.com/forum/new-jersey/177782-any-nice-areas-near-vineland-millville.html
"I am thinking about relocating to be near the new Thunderbolt raceway in Millville. I want to be out of noise range about ten miles or so but close enough to drive for work and fun. (yes I am one of those who enjoy high speed fun)"

http://www.city-data.com/forum/new-jersey/209856-millville-glassboro-active-adult-community-opinions.html
"I would stay away from the airport as the tracks are being built there. The track and associated hotels/ restaurants will be bringing about 1,500 jobs to Millville.
Good for some but not so good for those close to the airport/racetracks."




There are roughly 4,500 homes that lie within the 3 mile "noise zone."  Times this number by 2.5 (average number of people to a household) and you have in the neighborhood of 11,250 people being subjected to noise levels that far exceed the amount that was represented during the planning stages.  Minus those who live in the townships and you are left with 10,000 residents.  This represents 35% of Millville's population.  Imagine that!


There are roughly 4,500 homes that lie within the 3 mile "noise zone."

There are 146 homes for sale as of March 29, 2009 according to www.realtor.com.
 
The highest price of a home for sale in this zone is $349,000.  The average price is $177,219.

Total value of homes for sale in "noise zone": $25,874,000.

Based on these figures the real estate value of the entire "Noise Zone" is $800,000,000.

A 20% reduction in property value due to noise pollution would be $159,333,000.

The NJMP is a $50,000,000 project. (Of course, this depends on whom you ask.)

A 20% reduction of property taxes puts a big bite in the amount of taxes contributing to city and county coffers.

 
Like Nashville, like Millville
1-2-11

The fate of an historic racetrack that has seen it's eventual decline with murky finances and unstable operations that have plagued the Nashville Speedway (in the Tennessee State Fairgrounds) for decades is close at hand.  Residents whose properties border the track are in high spirits with the hopes of its demolition.  But the most interesting tidbit of information in the article was the affirmation that racetracks devalue and blight the surrounding properties.

"On the heels of the disastrous 1965 fire at the Tennessee State Fairgrounds, the State Fair Board ordered a study to determine the highest and best possible uses for the property.   Luckily for racing fans, the board ignored the consultant's findings, which recommended the racetrack be removed because it was a 'blighting influence on the fairgrounds and surrounding properties.'" - The Tennessean, January 2, 2011

Milliville, like Nashville, ignored a paid consultants Harris, Miller, Miller and Hanson, Inc. recommendation that the NJMP install the proper PA system:

"Public Address system noise (announcements, music) need not be a community nuisance.  A properly designed and managed system should not be audible at all in the surrounding community.  Cheaper systems may use a few loudspeakers mounted up high and driven with lots of power.  such a design is a recipe for community annoyance.   Better systems use more loudspeakers mounted at lower heights and driven with less power.  With such systems, the audience can easily hear announcements above the backgrounds sounds, but the announcement sound isn't a factor in the community.  We know of some good sound system designers, if you would like us to recommend one or two."

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