Monmouth situation increasingly dire..

[GoIrish]

Now I can order my season pass.

[MaTH716]

The gross purses for 2012 will be about $4 million shy of maintaining the track’s stakes program, including the Haskell, which receives national TV coverage and is attended by more than 30,000 racing fans each year.

If this doesn't come through, they might as well board the place up.

[freddymo]

The state of NJ should be ashamed. They had a magnificent concept, and it was a terriffic meet to attend bet and be part of. I swear I dont get it.

[jms62]

Originally Posted by freddymo

The state of NJ should be ashamed. They had a magnificent concept, and it was a terriffic meet to attend bet and be part of. I swear I dont get it.

What is not to get. One could surmise that Christie has lots of "Friends" in Atlantic City. One also could surmise by his not squashing the absolute debacle Xanadu project, he has a lot of developer friends. Wait until Sports Betting comes to NJ and they decide that it will only be allowed in Atlantic City even though the Race tracks have been the only game in town for Betting on a sporting event.

[MaTH716]

Originally Posted by jms62

What is not to get. One could surmise that Christie has lots of "Friends" in Atlantic City. One also could surmise by his not squashing the absolute debacle Xanadu project, he has a lot of developer friends. Wait until Sports Betting comes to NJ and they decide that it will only be allowed in Atlantic City even though the Race tracks have been the only game in town for Betting on a sporting event.

At this point, don't they almost have to go through with the rest of the project (whatever it is)? The structure has been up forever, although I have no idea what the current plans are and what it looks like inside. All they would be doing by tearing it down is burning every single dollar they invested into the project. It probably is a lose lose proposition, but at this point maybe they can still salvage the place as a mall.

[jms62]

Originally Posted by MaTH716

At this point, don't they almost have to go through with the rest of the project (whatever it is)? The structure has been up forever, although I have no idea what the current plans are and what it looks like inside. All they would be doing by tearing it down is burning every single dollar they invested into the project. It probably is a lose lose proposition, but at this point maybe they can still salvage the place as a mall.

Say you bought Enron at its high, would you continue investing in it all the way down to zero? At what point do you stop throwing good money after bad?

[MaTH716]

Originally Posted by jms62

Say you bought Enron at its high, would you continue investing in it all the way down to zero? At what point do you stop throwing good money after bad?

I think that's a bad analogy J. It's not like they have zero. They still have a massive structure with parking that (seems to be) built already. Not to mention that they now have a mass transit option to the place as well. I just think ditching at this point might by more of a colossal waste than finally following through with the project. Obviously if it's a mirage and it's nowhere near being done and the price tag is more ridiculous than ever, then yes I think it should be scrapped.