According to a report which cites sources close to the situation, there is a front-runner in the process to name a lessee for New Jersey's Monmouth Park

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An article on nj.com states that New York real estate developer Morris Bailey is expected to be awarded the five-year lease for the thoroughbred raceway.

The report cites the sources as saying that it is expected that approval for Bailey’s bid will be completed in a week to 10 days.

(With files from nj.com)

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