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: | Filed under: Chris Christie, Horse Racing Industry, Monmouth Park | Tags: , , , , , , , , , | 1 Comment »

One Comment on “Oceanport Offers To Take Over Monmouth Park As Transitional Measure”

  1. Bob English said at 7:23 pm on December 15th, 2011:

    Nice to see Oceanport stepping in trying to resolve the situation. Hopefully the State of NJ will do the same thing