Raceway Park was founded in 1965 by Vincent Napoliello and Louis Napoliello. The site was originally 308 acres on 230 Pension Road, just off of County Route 527 (now Englishtown Road). Since then it has grown to 500+ acres with multiple motorsports activities. The track opened with a single 1/4 mile dragstrip. Raceway Park offered two dragstrips, three motocross tracks, a 1.3-mile (2.1 km) road course track, competition go kart racing track, autocross track, ride and drive site and adjacent Old Bridge Airport.
Their radio and television commercials featured the slogan: "Ah ha ha ha ha ha Raceway Park!" and "Rrrrrrrrraceway Park! ... Be there!". Raceway Park "is one of the most fabled drag strips in America, and it ranked among the country's top five tracks".
Raceway Park previously hosted the SuperNationals (later Summernationals) of the National Hot Rod Association for Funny Car and Top Fuel competitions, as well as other drag racing events. In January 2018, NHRA and Raceway Park officials announced that the venue will cease hosting all drag racing events due to rising costs. Areas specific to drag racing will be converted to outdoor concert space. All other areas of the facility will remain operational, such as the drift track, go karts, motocross, etc.
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