expansion of racing and gaming

Monmouth Park sits on 310 acres of land in Oceanport, NJ, but, as is the case with most tracks in a modern era where on-track crowds have dwindled, much of the property includes empty stands and parking lots. But that is about to change as real estate developer and horse owner Morris Bailey has unveiled plans to develop 80 acres of the property that will be used to for a 298-unit residential building, a 200-room hotel, a youth sports center and, perhaps, a concert venue. Dennis Drazin said it has...