Over the next two years, construction of the arena, hotel and retail village is expected to create 10,000 jobs and generate $2.7 billion in economic activity. The new arena is scheduled to be completed in time for the 2021 - 2022 hockey season. This new station will allow riders to access to new arena, hotel, and retail village from both the east and west, while providing a new commuting option for Long Islanders. Through an innovative public-private partnership, the developers will also help fund a new full-time Long Island Rail Road station in Elmont - the first new, full-time LIRR stop in nearly 50 years. In addition, the project developers - New York Belmont Partners - will improve two local parks in the surrounding community. The Islanders belong on Long Island and the future is incredibly bright for this franchise.'Īnnounced in December 2017, the Belmont Redevelopment Project will turn 43 acres of underutilized parking lots at Belmont Park into a premier sports and hospitality destination, including a new 19,000-seat arena for the New York Islanders hockey team and other events, a 250-key hotel, a state-of-the-art retail village and office and community space. NHL Commissioner Gary Bettman said, 'Thanks to the commitment, dedication and vision of Governor Cuomo, Islanders fans are getting the world-class home this team deserves. The Islanders also thank the elected officials and our community for their support in helping reach this franchise milestone.' Jon Ledecky, New York Islanders Co-Owner, said, 'We celebrate this historic day with our loyal fans and thank Governor Cuomo, who has championed the Belmont Park Arena project from the start. 'This significant project will establish Belmont Park as a sports destination and will create thousands of jobs and boost economic activity on Long Island.' 'The construction of the new arena at Belmont Park will redevelop the home of The Islanders, support more games and events, and increase visitors to the region,' said Lieutenant Governor Kathy Hochul.

At the end of the day this project is about building on two great Long Island traditions - Belmont Park and the Islanders - and making them greater than ever.' 'With seven more Islanders games at the Coliseum this season, fans will have even more opportunities to see their favorite team and generate momentum for the move to their new home in two years. 'The Islanders belong on Long Island - and today we start building the state-of-the-art home this team and their fans deserve while generating thousands of jobs and billions in economic activity for the region's economy,' Governor Cuomo said.

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