After more than half a century of burning rubber, Englishtown / Raceway Park is ending the dragstrip, the longtime site of the NHRA Summernats, it reached the end of the business for profit ideal

The Napp family, which opened the raceway in 1965 and continues to operate it privately, decided to end drag racing, and convert the grandstand and about half the strip into an outdoor concert venue

Other forms of racing and motorsports will go on, including motocross, as well as cart racing and drifting.

http://www.nj.com/monmouth/index.ssf/2018/01/after_52_years_of_burning_rubber_drag_racing_ends.html
https://thecapitalsportsreport.com/2018/01/17/raceway-park-shuts-down-racing-operations/