new lease 85 years

After a dozen years as lessee of Monmouth Park Racetrack, the New Jersey Thoroughbred Horsemen's Association (NJTHA), in conjunction with the New Jersey Sports & Exposition Authority (NJSEA) has transferred the racetrack, effective immediately, to Dennis Drazin's Darby Development LLC, under a new 85-year lease agreement, the track said in a release on Thursday. Darby had been the operator of the racetrack under the NJTHA and will now take full custody of the grounds with sights set on further expansion. "Let me start by thanking Governor Murphy for entrusting me,...