newjerseynewsroom.com

Would allow for track operator Jeff Gural to takeover

Bipartisan legislation that would allow the Meadowlands Racetrack to be operated jointly by the state Sports and Exposition Authority and a private lessee has been introduced by three Assemblymen

The measure would allow for a one-year transition period as the Meadowlands, which has been operating at large deficits, goes from state control to a private operation.

The bill, (A-3710), is necessary as officials complete an agreement in which Jeff Gural, a New York racetrack owner-operator and real estate developer, will take over the race track.

"This is an important part of the plan to keep horse racing at the Meadowlands without cost to taxpayers," Assemblyman Ronald S. Dancer (R-Burlington) said. "This will allow racing to continue without interruption as all the details and licensing involved in the transfer are completed."

The bill allows for a jointly-operated transition period to last for one year, or until the new owner is approved and licensed to operate the track.

"This is a practical step that will ensure horse racing will remain at the Meadowlands as it is transferred to become a privately-run facility," Assemblyman Joe Malone (R-Burlington) said. "This will give Mr. Gural every opportunity to make the Meadowlands successful again."

Assemblyman John Burzichelli (D-Gloucester), chairman of the lower house's Regulatory, Oversight and Gaming Committee, is the third sponsor.

— TOM HESTER SR., NEWJERSEYNEWSROOM.COM