The five-story development set to rise in East Rutherford, N.J., called American Dream Meadowlands, got one step closer to a racetrack — of sorts — with a new bill proposed in the New Jersey State Legislature, the New York Observer and the Bergen Record reported.
A simulcasting facility could be built at the 3-million-square-foot entertainment space if the bill, brought by New Jersey Assemblyman Ron Dancer, son of horse racer Stanley Dancer, passes.
Newmark Knight Frank Chairman Jeff Gural would then finally get to lease the “modern off-track betting facility with multiple viewing screens and tellers where patrons can wager bets,” said the Observer.
A previous bid in October to lease the facility by Gural stalled after a dispute with the track tellers’ union.
The complex will be the second largest entertainment development in the U.S. when it is completed in 2013. [NYO] and [Bergen Record]
