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SBD/Issue 205/Facilities & Venues
Meadowlands, Devils Disagree About Izod Center's Financial State
Published July 14, 2009
|Devils Owner Believes Izod Center Loses At
Least $10M A Year, Should Be Closed
OUT TO SEA: A Newark STAR-LEDGER editorial was written under the header, "New Jersey Sports And Exposition Authority's Time Has Passed. Let's Kill It." New Jersey state Senate President Richard Codey and officials insist that the state "can save the horse racing industry with slot machines at the Meadowlands." But there are "several problems with their theory," including that gambling revenues "of all types are trending downward." The editorial: "Why do we need the NJSEA? ... Why not let horse racing die a natural death in New Jersey?" Without a "viable plan for the future of the Meadowlands -- and we haven't heard one -- the next governor should admit it's time to close up shop at the NJSEA." At presstime, the editorial had elicited 30 comments (Newark STAR-LEDGER, 7/12).