The racing there has become unwatchable. Thier conditions call for cheaper and cheaper horses. Now I see the big-time trainers complaining that their horses don't get in to race due to a lack of listed conditions or lack of entrants to fill the race. They then state that they are going to race elsewhere.
With the trend in racing there, and I never thought I would say this, the Meadowlands may not be needed. Other states are booming, and the bigger races will find new homes.