Panel: End horse racing at Meadowlands

Live racing at one of the nation's premier harness-racing track would be ended under a recommendation from Gov. Chris Christie's (R-N.J.) panel on the future

EDISON - Live racing at one of the nation's premier harness-racing track would be ended under a recommendation from Gov. Chris Christie's (R-N.J.) panel on the future of casinos and racetracks.

The Hanson Commission released a supplemental report Monday evening saying there is no way New Jersey can support two state-run tracks.

On-track losses at Monmouth Park are projected at approximately $6.6 million, according to the report. The Meadowlands Racetrack is expected to experience an estimated loss of an additional $11 million in 2010.

For that reason, it proposes ending live racing at Meadowlands Racetrack and consolidating it at Monmouth Park in Oceanport.

The plan also calls for the two tracks to be sold and run privately.

The Meadowlands would then be used as an off-track betting facility.

With bills moving through the legislature to promote horse racing, several lawmakers have already called it a bad idea. Thousands of fans are worried that a compromise will be left stuck in the gate.

Meadowlands horse racing may go out to pasture Full Hanson Report

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