Environmental review delays $1.18B Belmont Park arena project construction

New York /
Feb.February 25, 2019 12:07 PM

Officials with Empire State Development hope they can issue their final environmental impact statement on the proposed $1.18 billion Belmont Park arena project by the end of June, but doing so would push the start of any construction into the summer, Long Island Business News reported. The organization’s board also voted to extend the contract of the review firm AKRF through September 2020, with the project’s developers being asked to pay for the extension. Those developers, who operate under the moniker New York Arena Partners, include the Oak View Group, Sterling Equities and the Scott Malkin Group. The developers had hoped to break ground in May so the National Hockey League’s New York Islanders could play their 2021 season at the arena. (The Islanders returned to Nassau County in December after a few years at the Barclays Center in Brooklyn.) The project, when complete, will have a 19,000-seat arena, 250-room hotel and a 435,000-square-foot retail village. Empire State Development received more than 2,000 letters opposed to the project, which has made finalizing the environmental impact statement difficult, officials said. [LIBN]


Related Articles

arrow_forward_ios
The flurry of deals can be attributed to low mortgage rates and vaccinations making residents feel safer. (iStock)
July contract signings surge in city, sink in suburbs
July contract signings surge in city, sink in suburbs
Floor & Decor CEO Thomas Taylor and 4 Henry St in Commack (Floor & Decor and Google Maps)
Floor & Decor moving into site of shuttered Target in Commack
Floor & Decor moving into site of shuttered Target in Commack
Sciame Construction CEO Frank Sciame and the Gold Coast Mansion
Frank Sciame buys massive Gold Coast mansion. Now what?
Frank Sciame buys massive Gold Coast mansion. Now what?
The estate in Cove Neck with Tatum O’Neal and John McEnroe (The Pesce & Lanzillotta Team, Getty)
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
Former Gold Coast estate of John McEnroe, Tatum O’Neal hits market
104 Edgemere Street in Montauk
Little houses draw big interest in mansion-heavy Hamptons market
Little houses draw big interest in mansion-heavy Hamptons market
(iStock)
Locals: Put housing, not warehouses, on landfill site
Locals: Put housing, not warehouses, on landfill site
1 Swan Landing
5 Gatsby-esque homes fit for the Roaring 2020s
5 Gatsby-esque homes fit for the Roaring 2020s
Bidding wars occurred in 35 percent of North Fork home sales. (iStock)
Bidding wars drive Long Island home prices to new highs
Bidding wars drive Long Island home prices to new highs
arrow_forward_ios

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

Loading...