New Monmouth Deal On The Table

Published: December 19, 2011 10:57 am EST

On Friday, December 16, New Jersey thoroughbred horsemen and the office of Governor Chris Christie laid out details for a new Monmouth Park deal after a lease agreement for the state-owned track to real estate executive Morris Bailey fell through following a dispute with the New Jersey Thoroughbred Horsemen’s Association


According to an article on the Daily Racing Form, the pending deal will see Monmouth operate a 141-day race meet in 2012 while the state seeks new bidders for a new lease agreement.

The deal calls for purses to be based on revenue from wagering only, which is estimated to result in a sharp decline from last season's purses averaging $400,000 throughout the 71-day meet.

Gov. Christie has threatened to close the track if the deal, which was discussed Friday, is not approved by Monday.

(With files from the Daily Racing Form)

Related Stories

Option On Table In Monmouth Impasse
Forbes Tells NJTHA's Side Of The Story
Gov. Christie On Failed Monmouth Deal
Bailey's Attorney: "We're Totally Out"
New Hope For Monmouth Deal?
T-Bred Date Issue Puts Big M Deal In Peril