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
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales outpace pre-pandemic figures in Q2
Commercial property sales outpace pre-pandemic figures in Q2
Nearly $10M settlement for “cooked” SF condo owners
Nearly $10M settlement for “cooked” SF condo owners
Nearly $10M settlement for “cooked” SF condo owners
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit
Party over? Pharrell’s Goodtime Hotel in Miami Beach could lose entertainment permit
The Delta variant and the CDC’s recent mask reversal is adding a new element of intrigue to return-to-work policies. (iStock)
Covid surge, CDC reversal upends back-to-office plans
Covid surge, CDC reversal upends back-to-office plans
Loan surge at NYCB points to recovery of multifamily market
Loan surge at NYCB points to recovery of multifamily market
Loan surge at NYCB points to recovery of multifamily market
Boston Properties CEO Owen Thomas (Thomas by Axel Dupeux, iStock)
Work-from-home threat “overstated,” Boston Properties CEO says
Work-from-home threat “overstated,” Boston Properties CEO says
Turner & Townsend CEO Vincent Clancy and CBRE CEO Bob Sulentic (Turner & Townsend, CBRE)
CBRE pays $1.3B for 60% stake in London-based project manager
CBRE pays $1.3B for 60% stake in London-based project manager
arrow_forward_ios

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

Loading...