The same reason why the person that took away the tolling of the church bell in Meredith a few years back. So he can enjoy his peace and quiet.
Many folks grew up with that bell. It was here before that person move into town. Yet he had the right to shut down tradition. Pretty soon all traditions around the lake and on the lake will be outlawed.
Racing and the need for speed was a tradition on this lake. Another tradition bites the dust. And more traditions after that.