Meadowlands Reprieve.

[richard burch]

NJ REACHES TEMPORARY DEAL ON MEADOWLANDS RACING
By BETH DeFALCO The Associated Press Friday, December 17, 2010

TRENTON, N.J. -- New Jersey Gov. Chris Christie and horse owners have reached a temporary deal to keep harness racing alive at the Meadowlands through the spring, buying more time to convert from public to private the operations of the nation's premier harness racing track.

On Friday, Christie announced that the state will allow standardbred owners to negotiate a lease of the track that will be partially funded through off-track betting.

The state will front owners a $1.2 million secured loan for the first quarter of 2011, ending April 1, to cover operating costs and allow the 2011 meet to start as planned on Jan. 7.

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