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Freehold Raceway closed Dec. 28, 2024, after 170 years of horse racing on the site, leaving the one-half mile standardbred racetrack and 118,000-square-foot grandstand in peril.

Jake Lebowitz, who owns 15 dealerships, has purchased the famed Freehold Raceway. The sale clears the way for a new chapter for the property that had been home to horse racing for more than 170 years.