Gov. Christie works out deal to save harness racing at Meadowlands

Gov. Chris Christie (R-N.J.) says he has reached a deal to save harness racing at the Meadowlands.The governor will give the Meadowlands racetrack until April

TRENTON - Gov. Chris Christie (R-N.J.) says he has reached a deal to save harness racing at the Meadowlands.

The governor will give the Meadowlands racetrack until April 1, 2011 to improve its performance and to obtain a short-term loan from the state. The loan will allow for private investors to have more time to get a lease to take over the Meadowlands Racetrack.

The governor says he always wanted racing to continue, but that taxpayers just can't afford to continue to pay subsidies.

State Sen. Jennifer Beck (R-N.J.) and Republican Assembly members Declan O'Scanlon, Caroline Casagrande, Joe Malone and Ron Dancer issued a statement calling the deal a "positive development for the horse racing industry." They also say they "appreciate Gov. Christie's willingness to work with key stakeholders as we seek practical solutions on this critical issue."

advertisement | advertise on News 12

Trending Video

An attorney for Hopatcong Officer Nicholas Maresca says 1 Attorney: Officer had no choice but to hit man in bunny suit
Shop Small: Tons of Toys 2 Shop Small: Tons of Toys
Kevin Hodges (right) is accused of killing his 3 Police: Man used cleaver, sword, knife to kill mom, grandmother
Demolition has begun on a Totowa neighborhood that 4 Demolition begins on Totowa neighborhood damaged by hurricane
5 VIDEO: Totowa neighborhood to be torn down

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE