Future of NJ Horse Racing May Be in Jeopardy
The future of horse racing at Monmouth Park is in jeopardy as negotiations to transfer ownership of the Jersey Shore track to private management have broken down.
The dispute threatens to derail Gov. Chris Christie's plan to privatize both Monmouth and the Meadowlands Racetrack.
The sticking point is a permit to run thoroughbred dates at the Meadowlands, even though all thoroughbred racing in New Jersey has been consolidated at Monmouth. The permit was given to the New Jersey Thoroughbred Horsemen's Association in June as part of a deal in which the horsemen agreed to cut the racing schedule in half to 71 days for a five-year period.
(Copyright 2011 by The Associated Press. All Rights Reserved.)