Belmont construction project

Timelines for the massive-scaled, $455-million rebuild of Belmont Park were brought more clearly into focus Wednesday during a construction update presented by the New York Racing Association (NYRA) at a meeting of the New York State Franchise Oversight Board (FOB). In chronological order: 1) Belmont's new one-mile Tapeta track could open for training as early as the spring of 2025. 2) NYRA is keeping open the option of running the 2026 GI Belmont Stakes back downstate at the new facility under a festival-meet scenario in which all four racing surfaces...

The project to modernize Belmont Park will produce billions of dollars in economic impact and generate thousands of jobs, according to an independent economic study released by We Are NY Horse Racing Wednesday. According to the rigorous analysis completed by HR&A Advisors, a leading economic development and real estate consulting firm, the multi-year project to build a new Belmont Park will generate $1 billion in one-time construction-related economic impact while supporting 3,700 construction jobs. Upon completion, racing and non-racing activities at the new Belmont Park will generate $155 million in...