Christie: Private Operators To Run Meadowlands, Monmouth Park Racetracks

TRENTON, N.J. (WCBS 880/AP) — New Jersey Gov. Chris Christie says a deal has been reached to lease the Meadowlands and Monmouth Park racetracks to private operators who will run them without state purse subsidies.

Christie said Thursday night that the private operators will assume control of the tracks on June 1.

WCBS 880’s Levon Putney reports: New Jersey Racetracks Turned Over To Private Owners

New York investor and developer Jeff Gural will take control of the Meadowlands harness racing track in East Rutherford.

Resorts Atlantic City casino owner Morris Bailey will operate the Monmouth Park thoroughbred track in Oceanport.

Gural plans to invest $90 million to build a new grandstand at the Meadowlands and develop an off-track wagering facility in Bayonne.

In addition to Monmouth Park, Bailey will take over operation of the off-track wagering facility in Woodbridge and work with Gural to develop additional OTW facilities.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

More from Levon Putney
  • Curtis Slywage

    Here we go again, another case of a Republican elected official giving away the store to the private sector. Soon we’ll hear that the private contractor will be given massive tax breaks and that he is a large contributor to the GOP. It will all come out of the pockets of the elderly, the middle class and the disabled.

  • Fatty Christie

    Countdown to a CBS news report about these “private operators” having organized crimes ties and massive signs of cheating and looting by very same crooks….commencing countdown….5……4……3……2……1……

    • Karen

      You must be a very happy person if there is any truth to the “ignorance is bliss” adage. Congratulations to E. Rutherford and Mr. Gural.

    • Ted

      Yes and the unions are all run by saints and choir boys.

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