Related, Oak View join bids for new Belmont sports arena

New York City FC and NY Islanders are competing

New York /
Sep.September 29, 2017 10:30 AM

Two of New York’s richest sports team owners are trying to convince the state that they have the best plans to build a new arena at the Belmont racetrack site.

The New York City Football Club and the New York Islanders want to develop Belmont Park, Bloomberg reported. NYCFC, which is owned by Manchester City FC and the New York Yankees, is looking to move out of Yankee Stadium and create a 26,000-seat arena along with an area for fans to take part in pregame activities. The club indicated that it’s partnering with Related Companies on its proposal.

Related’s chairman Stephen Ross happens to be one of the most influential figures in U.S. soccer. The billionaire real estate mogul created the International Champions Cup, bringing the top clubs of Europe to play tournaments in the United States. Attendance and television ratings have been strong.

The Islanders, whose lease at Barclays Center may end as early as January, said their proposal is “to create a world-class sports and entertainment destination at Belmont Park.” The team is partnering with Oak View Group, whose backers include James Dolan’s Madison Square Garden Co.

The deadline for proposals was Thursday. [Bloomberg] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)
Related is the latest developer to target the Rockaways
Related is the latest developer to target the Rockaways
L-R: Savanna's Chris Schlank, Eastdil Secured's Will Silverman, JLL's Bob Knakal (Photos by Paul Dilakian)
Office royalty talk conversions, distress and the “downsize upgrade” trend
Office royalty talk conversions, distress and the “downsize upgrade” trend
Columbia Property Trust's Nelson Mills and 799 Broadway (Columbia Property Trust, 799 Broadway, iStock)
Columbia Property Trust signs investment firm to 71K sf at 799 Broadway
Columbia Property Trust signs investment firm to 71K sf at 799 Broadway
East End Capital's Jonathon Yormak and 141 East Houston Street (141 East Houston Street, East End Capital)
Boutique LES office scores blockchain firm as anchor tenant
Boutique LES office scores blockchain firm as anchor tenant
Vice Media CEO Nancy Dubuc and 225 Broadway (Getty Images, Google Maps, iStock)
Refinery29 subleasing at 225 Broadway for move in with Vice
Refinery29 subleasing at 225 Broadway for move in with Vice
Naftali Group's Miki Naftali, BRP Companies' Meredith Marshall (Photos by Paul Dilakian)
Miki Naftali, Meredith Marshall talk development, death of 421a
Miki Naftali, Meredith Marshall talk development, death of 421a
R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
Real estate tech is coming for your business
Real estate tech is coming for your business
Gary Barnett
Gary Barnett has something to say
Gary Barnett has something to say
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...