New Market was a city in Scott County, Minnesota, United States. The population was 332 at the 2000 census. In January 2007, New Market merged with Elko to become Elko New Market . As of 2006 New Market has a public school, Eagle View Elementary School which is operated by and is part of the New Prague Schools and teaches Preschool - 5th.
New Market merged with another town and is now named New Market of Elko.
That's not their new name. It's Elko New Market. 
( z1 and :op ( z2 merge :ARG1 ( z3 market :name ( z4 name :op "New" :op "Market" ) ) :ARG2 ( z5 town :mod ( z6 another ) ) ) :op ( z7 name :ARG1 z3 :ARG2 ( z8 name :op "New" :op "Market" :op "of" :op "Elko" ) :time ( z9 now ) ) )