A new deal has been reached to keep horse racing continuing in New Jersey. Governor Chris Christie announced two critical developments with the signing of a 30-year contract for the operation of the Meadowlands harness-racing track, and an agreement to continue thoroughbred racing at Monmouth Park in 2012.
New York real estate developer and horseracing entrepreneur Jeffrey Gural today followed through on an earlier memorandum of understanding with the New Jersey Sports and Exposition Authority (NJSEA) and signed a long-term lease for the Meadowlands venue. Earlier, the New Jersey Thoroughbred Horsemen’s Association and the NJSEA signed an agreement to run a full schedule of race days at Monmouth Park for 2012.
Early next year, the NJSEA will continue its search for a new operator and will renew its efforts to put Monmouth Park in private hands.