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General Category => General Harness Racing Discussion => Topic started by: pezz97 on December 21, 2011, 05:24:00 AM

Title: Gural Signs 30 Year Lease
Post by: pezz97 on December 21, 2011, 05:24:00 AM

 bowdown

New Jersey Gov. Chris Christie announced late Tuesday two critical developments in his goal to establish a fully independent, privately operated horse racing industry in New Jersey, with the signing of a 30-year contract for the operation of the Meadowlands harness-racing track, and an agreement to continue thoroughbred racing at Monmouth Park in 2012. Both developments further the Governor

Title: Re: Gural Signs 30 Year Lease
Post by: AmyHollar on December 21, 2011, 05:55:11 AM

 thumbsup thumbsup thumbsup thumbsup thumbsup thumbsup

Title: Re: Gural Signs 30 Year Lease
Post by: beans and weenies on December 21, 2011, 06:06:48 AM

 thumbsup

Title: Re: Gural Signs 30 Year Lease
Post by: Mr. B on December 21, 2011, 12:40:57 PM

Quote from: pezz97 on December 21, 2011, 05:24:00 AM

bowdown

New Jersey Gov. Chris Christie announced late Tuesday two critical developments in his goal to establish a fully independent, privately operated horse racing industry in New Jersey, with the signing of a 30-year contract for the operation of the Meadowlands harness-racing track, and an agreement to continue thoroughbred racing at Monmouth Park in 2012. Both developments further the Governor

Title: Re: Gural Signs 30 Year Lease
Post by: careless hal on December 21, 2011, 02:22:28 PM

Quote from: Mr. B on December 21, 2011, 12:40:57 PM

So how does the Meadowlands purse structure survive without the casino subsidy?  They are going to have to have a $10M handle to have purses anywhere near where they used to be.  No?

Freehold will close and they can run those races at the Big M.

Title: Re: Gural Signs 30 Year Lease
Post by: pezz97 on December 21, 2011, 03:21:11 PM

Quote from: Mr. B on December 21, 2011, 12:40:57 PM

So how does the Meadowlands purse structure survive without the casino subsidy?  They are going to have to have a $10M handle to have purses anywhere near where they used to be.  No?

We will find out on the 29th. That is when the condition sheet comes out

Title: Re: Gural Signs 30 Year Lease
Post by: Elgin on December 23, 2011, 05:51:29 PM

On Friday (Dec. 23), the Board of Commissioners of the New Jersey Sports & Exposition Authority formally entered into a 31-year lease agreement with the New Meadowlands Racetrack LLC (NMRLLC), headed by Jeff Gural, for the operation of Meadowlands Racetrack. The agreement will close, and private operation commence, on Dec. 24, 2011. The NMRLLC has been responsible for all costs of operating and managing the Meadowlands Racetrack since June 1, 2011.

The meeting also included the presentation of the details of Gural's deal with the NJSEA. The NMRLLC will pay annual rent of $1 per year for the first five years, with rent set at at least $500,000 a year for the rest of the 31-year ground lease.

In addition, The Bergen Record also reported that Gural would have a right to conduct slot machine operations or other new gaming at the track. If a casino is built at the Meadowlands Sports Complex without slots at the track, Gural would be able to walk away and recoup

Title: Re: Gural Signs 30 Year Lease
Post by: Yeah Baby on December 24, 2011, 06:55:38 AM

 thumbsup

Title: Re: Gural Signs 30 Year Lease
Post by: cashman on December 24, 2011, 09:39:13 PM

Yeah bay wouldntt know a winner unless Cashman gave it to him.


 rflmao1 rflmao1 rflmao1 rflmao1


But the truth.

Title: Re: Gural Signs 30 Year Lease
Post by: newandimproved on December 24, 2011, 10:36:23 PM

Quote from: cashman on December 24, 2011, 09:39:13 PM

Yeah bay wouldntt know a winner unless Cashman gave it to him.


 rflmao1 rflmao1 rflmao1 rflmao1


But the truth.

cash... you been drinking ????? rflmao1 rflmao1 rflmao1

Title: Re: Gural Signs 30 Year Lease
Post by: Just Saying on December 25, 2011, 01:29:17 PM

Looks like Pezzy when he's typing in Bobbinese. rflmao1

Title: Re: Gural Signs 30 Year Lease
Post by: beans and weenies on December 25, 2011, 05:47:17 PM

Bobbinese  rflmao1

Title: Re: Gural Signs 30 Year Lease
Post by: mo doc n on December 25, 2011, 06:32:46 PM

Chris Christie really surprised me , when he declined to run for president which is and was the right choice for now. He stood by his word!!

Jeff Gural went out out on a limb picking up the BigM.

I applaud both them and apologize for any bad things I ever said about them.