Islanders Win Bid To Develop Belmont Park Site

Islanders Win Bid To Develop Belmont Park Site

Islanders Win Bid To Develop Belmont Park Site

There could soon be more certainty surrounding the New York Islanders' arena pursuit, as Newsday reports that a decision on the Belmont Park site will be announced Wednesday.

The Fields at Belmont.

Sources confirm the team has won the right to build a new arena at Belmont Park.

Proposals were submitted to Empire State Development, the state's primary business development agency, before its September 28 deadline. The latter property is primarily a parking lot that, aside from Belmont Stakes Day, is largely used to house cars for auto dealerships.

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The Islanders' bid was submitted by New York Arena Partners, a limited liability company whose partners include the hockey team, a development group tied to New York Mets owner Fred Wilpon, and a third group whose investors include Madison Square Garden. In addition, the arena will include 435,000 square feet of space for retail, a hotel with 200-to-250 rooms and a 10,000-square foot innovation center that will take the input of residents into account in development. The Islanders and Barclays Center have spoken of amending their agreement, which could allow the team to play in Brooklyn while its new home is built.

The Islanders will remain in Barclays Center for next year and perhaps more.

The Islanders proposal beat out another bid by New York City FC, which is a Major League Soccer team that is partially owned by the New York Yankees. The Islanders' plan would also require substantial upgrades to the local infrastructure, including parkways and a rail link, none of which were detailed in the submission to Empire State. N.Y.C.F.C. have searched across the NY metropolitan area for a potential stadium site.

Belmont Park is a world-famous horseracing track and now looks like it will expand. Earlier this year, however, NYRA constructed a second turf course at Aqueduct, which presumably would enable it to keep a healthy schedule of turf racing in the event more dates needed to be held at Aqueduct.

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