Bidding aimed at developing 43 acres at Belmont Park to begin

Aug 1, 2017 3:01 AM

A New York state panel charged with monitoring the New York Racing Association (NYRA) has given its permission for another round of bidding to begin aimed at developing up to approximately 43 acres at Belmont Park.

The Franchise Oversight Board said July 28 it supports releasing a request for a development proposal for the land, which is the latest possible location being floated for the New York Islanders of the National Hockey League.

Development of underutilized portions of the massive Belmont tract is permitted under terms of a 2008 NYRA franchise agreement that extended NYRA’s exclusive rights to operate Belmont, Aqueduct Racetrack, and Saratoga Race Course in return for a number of concessions, including the state's authority to permit development of what has become excess land at the track.

The request for proposal has not been made public, but is expected to be released shortly.