The New Jersey Legislature passed a bill Monday that would allow the state to lease The Meadowlands and Monmouth Park to a private operator.
By making changes is some minor racing laws, the bill, which has been sent to Gov. James McGreevey, clears the way for a lease of the two properties, which are owned by the New Jersey Sports and Exposition Authority. McGreevey has said that he supports an effort to lease the tracks to a private operator. Last year, Monmouth and The Meadowlands earned $23.5 million for New Jersey.