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05-13-2011, 09:54 AM
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MTH, MED deals finalized; Bailey begins to plan future
Monmouth Park, Meadowlands lease arrangements finalized
By Mike Farrell Monmouth Park and the Meadowlands will have new operators on June 1. Agreements were hammered out late Thursday night at the end of a day-long negotiation session in Trenton, N.J. to privatize the two tracks. For the first time since 1976, the state of New Jersey will not be in the racetrack business. Under lease agreements reached after marathon talks involving the new lessees, the associations representing the state’s Thoroughbred and Standardbred horsemen, and the governor’s office, Morris Bailey will take over Monmouth and Jeff Gural will run the Meadowlands. The state will continue to own the land and facilities.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984. 
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