Milwaukee Mile No More?

What a shame.

Tony Machi, whose investor group wanted to promote races at the Milwaukee Mile, told Wisconsin State Fair Park officials on Tuesday that his group is pulling out.

Machi’s decision means the future of the historic racetrack is in jeopardy. The 106-year-old track is the oldest continuously operated speedway in the country.

Machi said Tuesday that his group, which includes local businessman Jim Beaudoin, could not reach agreement with NASCAR. NASCAR has scheduled two races next summer at the track, but wanted Machi’s group, Historic Mile LLC, to pay sanction fees run from last summer’s races as well as the fees for the two races next summer.