New York & Tri-State + Long Island | July 11, 2019

Belmont Redevelopment Will Include New LIRR Station

As part of the planned $1.26-billion redevelopment of the Belmont Park racetrack, the community of Elmont, NY on the Queens/Nassau County border will get the first full-time Long Island Rail Road train station in nearly 50 years.

The redevelopment will feature a 19,000-seat-arena that’s set to be the future home of the Islanders hockey team, along with a hotel and 350,000 square feet of retail, scaled back from 435,000 square feet based on community input.

“The Belmont Redevelopment project, buoyed by a new full-time LIRR station, is expected to have a significant economic impact and projected to generate nearly $50 million in annual public revenue,” said Lieutenant Gov. Kathy Hochul.

Constructing the new full-time station on the LIRR’s Main Line and upgrading the existing spur is estimated to cost $105 million. The Islanders ownership, which is developing the arena, will cover $97 million, or 92% of the total cost.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).