New York State Franchise Oversight Board

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 main takeaway from Wednesday's meeting of the New York State Franchise Oversight Board is that the Saratoga Race Course and Belmont Park of today will look quite different by the end of 2024, with the bulk of the meeting spent outlining a series of proposed and ongoing capital improvement projects, which the board approved. Arguably the news of most significance is planned installation of a new one-mile synthetic track to the inside of Belmont Park's inner turf course. This synthetic surface--the specific material of which is currently unknown--will serve...