According to multiple reports, the State of New Jersey will extend loans to the standardbred industry until April to give Jeff Gural time to negotiate a lease to take over the running of the Meadowlands. Of course, the assumption is if no lease is signed by April 1, the Meadowlands will shut down.
At this point, this is the best proposal standardbred interests could hope for. I would assume Jeff Gural has demonstrated not only he has the financial resources to do what is needed, but he has a successful background launching racetracks. The three months will allow Gural sufficient time to do a complete study on the likelihood of the Meadowlands being able to be profitable.
While this takes pressure off for the immediate future, racing interests should not rest easily. As we have seen before, three months goes pretty fast. And there is no guarantees that a lease will be signed. But for now at least, we can concentrate on racing. Opening night at the Meadowlands will apparently be January 7.