Hometown Solutions: Irace On Monmouth Park, Gaming and Fort Monmouth

Oceanport Councilman Joe Irace sat down with William Richards, Director of New Media at The Hall Institute for Public Policy as part of the institute’s Hometown Solutions series.

William and Joe discuss Monmouth Park racetrack, Fort Monmouth, the challenges Oceanport has faced in recent years with uncertainty for both institutions, and what looks like a promising comeback for Monmouth Park.

 

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Posted: July 13th, 2012 | Author: | Filed under: Atlantic City, Fort Monmouth, Hall Institute for Public Policy-NJ, Horse Racing Industry, Joe Irace, Monmouth Park, Oceanport | Tags: , , , , , , , , , , , | 3 Comments »

3 Comments on “Hometown Solutions: Irace On Monmouth Park, Gaming and Fort Monmouth”

  1. Bob English said at 9:08 am on July 13th, 2012:

    Hopefully the other NJ pols that are going all in on AC listen to Councilman Irace who makes a great arguement as to why there should be a casino at The Meadowlands.

    On the topic, check out this article by Bill Finley called “Chris Christie’s Biggest Mistake.”

    http://www.harnessracingupdate.com/restricted/pdf/hru/hru071312.pdf

    The the Revel doesn’t appear to be bringing any new faces to Atlantic City. For
    the year, the casinos there are down 7 percent.

  2. Ah Bob, A Moment Please... said at 9:27 am on July 13th, 2012:

    The WHOLE Country Is Down 7 % Or More Thanks To Your Best Bud, OBummer.

    As To The Revel, It Was A Catch 22 Situation. Let It Sit & Rust So That It Could Look Like A Section Of Asbury Park, Or Try Getting It Going So That When The Country Comes Back Starting Next Year With The Election Of A Republican President, It Has A Chance To Provide Jobs.

    This Article You Quote?

    Actually, You Forgot To Put Quotes Around That Comment, But Anyway…

    It’s Got An Axe To Grind Since It Is By A Competing Industry.

  3. Bob English said at 2:54 pm on July 13th, 2012:

    The last sentence from my post is from the article that I posted the link for. Should have referenced that.

    Casinos in surrounding states have been making a fortune. NY opened casinos at Yonkers and Aqueduct. As Joe Irace mentioned, other states are using a small portion of their casino revenues to suplement horse racing purses which in turn gives them a huge advantage versus NJ tracks.

    The State of NJ’s own study done several years ago indicated that slots/vlt’s at the Meadowlands could bring in $1 billion+ with very little harm to AC. NJ pols have basically sat back and watched as NJ gamblers have taken their $$$ to casinos in boardering states.