Oceanport Offers To Take Over Monmouth Park As Transitional Measure

The Borough of Oceanport, home of Monmouth Park, 1/3 of Fort Monmouth and 6,000 residents has offered to serve as a temporary landlord and transitional vehicle of the racetrack, according to NJ.com.

In a letter to Governor Chris Christie , Mayor Michael J. Mahon offered the borough’s resources and commitment to resolve the current differences and provide a new model for sustainability for the park.

The deal to transfer Monmouth Park from state control, under the auspices of the New Jersey Sports and Exposition Authority, to a private management by developer and casino investor Morris Bailey fell apart earlier this monthover a dispute between the state and the New Jersey Thoroughbred Horsemen’s Association over racing date licenses.  On Monday, Christie said the horsemen had a week to come up with an acceptable proposal or risk the park’s closure.

Posted: December 15th, 2011 | Author: Art Gallagher | Filed under: Chris Christie, Horse Racing Industry, Monmouth Park | Tags: Chris Christie, Fort Monmouth, Horse Racing Industry, Michael J. Mahon, Mike Mahon, Monmouth Park, New Jersey Horsemen's Association, New Jersey Sports and Exposition Authority, NJSEA, Oceanport | 1 Comment »

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