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Belmont Park Redevelopment Advances with Arena Groundbreaking
The redevelopment of Belmont Park, the historic racetrack just east of the New York City line, took a major step forward Monday with groundbreaking for the New York Islanders’ new arena. The 19,000-seat arena will be the centerpiece of the $1.3-billion Belmont Park redevelopment in Elmont, NY, which will also include a 250-key hotel, a retail village and office and community space.
“This significant project will establish Belmont Park as a sports destination, and will create thousands of jobs and boost economic activity on Long Island,” said Lt. Gov. Kathy Hochul.
A joint venture of Sterling Equities, the Scott Malkin Group and the Oak View Group is undertaking the redevelopment. The JV will also help fund a full-time Long Island Rail Road station in Elmont — the first new, full-time LIRR stop in nearly 50 years.
The new arena is scheduled for completion in time for the 2021-2022 NHL season.
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