ATCO Dragway Future

An Illinois firm has proposed converting the racetrack into an auction site for used cars, according to an application before the state’s Pinelands Commission.

Insurance Auto Auctions expects to spend almost $1.9 million to redevelop the 180-acre site off Jackson Road, the application says.

The track’s owner, Leonard Capone Jr., could not be reached for immediate comment Monday. Capone bought the track in 2012, according to a Courier-Post story from that time.

According to IAA’s application, existing paved areas at the track “will be used for an automobile auction facility.”

Plans call for construction of a 10,000-square-foot office building and a parking lot for employees and visitors.

The proposal also envisions demolition of two unspecified structures now at the dragway.

An IAA representative could not be reached for additional details.

The publicly held firm, which is based outside Chicago, has more than 190 facilities in the United States, Canada, and the United Kingdom, according to its website.

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