A report out of New Jersey has stated that governor Chris Christie will today construct a commission to find solutions to the state's sports and entertainment industries, which have been in a state o decline over the past years

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Northjersey.com has reported that the news of the commission comes from a high-ranking source within Christie's administration.

The article states that a seven-member panel will examine the viability of the sports authority, as well the state’s money-losing racetracks, the stalled Xanadu project and the Atlantic City casino industry’s struggles, as well as the relationship between the Izod Center and the Prudential Center.

The report states that Christie will set a June 30 deadline for the panel’s report.

“This commission will be much more specific and honed to a policy blueprint,” the source was quoted as saying.

On Friday, January 22, Christie released 19 reports prepared by his Transition New Jersey subcommittees, including the report on Gaming, Sports, and Entertainments that included the New Jersey Sports & Exhibition Authority and the Meadowlands.

The report did not paint a pretty picture for the future of the horse racing industry in the state.

To view the full 21-page report in PDF format, click here.

Click here to the read the northjersey.com article in its entirety.

(With files from northjersey.com)