Governor Cuomo Announces 10th Proposal of 2018 State of the State: Bringing the New York Islanders Home with a World-Class Sports and Entertainment Destination at Belmont Park

New York Arena Partners Selected as Winning Bid for Redevelopment of Belmont Park; Internationally Recognized Destination Will Feature 18,000-Seat Arena, 435,000-Square-Foot Retail and Dining Village, and New Hotel

December 20, 2017

Governor Andrew M. Cuomo today unveiled the 10th proposal of his 2018 State of the State: Bringing the New York Islanders home to Long Island with a world-class, year-round sports and entertainment destination at Belmont Park. At an event at Belmont Park Race Track, the Governor announced the selection of New York Arena Partners, a joint venture among Sterling Equities, the Scott Malkin Group, Madison Square Garden and the Oak View Group, to lead a transformational $1 billion redevelopment of Belmont Park into an internationally recognized mixed-use destination for sports, entertainment, retail and hospitality.  The winning project features an 18,000-seat arena for the New York Islanders, a new 435,000-square-foot retail and entertainment complex, a new hotel, and other community amenities.

The $1 billion transformational plan to redevelop Belmont Park will strengthen the local economy, boost tourism, increase visitor spending and stimulate local businesses. To accommodate New Yorkers and visitors traveling to the brand-new facility, the Long Island Railroad is committed to developing a plan to expand LIRR service to Belmont Park Station for events year-round. The state-of-the-art project is expected to create 12,300 construction jobs and 3,100 permanent jobs.

Read the full press release here.