Edited by : TJVNews.com
Governor Kathy Hochul today announced the opening of UBS Arena, which will bring the New York Islanders back home to Long Island. The new arena marks a major milestone in the overall $1.3 billion Belmont Park Redevelopment Project, which is transforming 43 acres of underutilized parking lots into a premier sports and hospitality destination. In addition to being the new home for the New York Islanders hockey team, the UBS Arena will feature concerts, live entertainment and other events throughout the year. Future phases of the Belmont Park Redevelopment Project will include a 350,000 square-foot destination entertainment and retail complex, a 250-key hotel and a community center. In addition, two rehabilitated local parks will reopen to the public in the coming months. Construction of all the project components is expected to create 10,000 jobs and generate $2.7 billion in economic activity for Nassau County.
Governor Hochul: “This truly is transformative. And to see that this is now the epicenter of everything fun and cool on Long Island. It’s not just about the exciting hockey games, and I love going to hockey games, but it’s also the synergy that’s created here with the races at Belmont Park and the music and the entertainment that’s going to go on here. The college basketball games, the eateries, the food, the environment. As you’re coming out of this pandemic, and it’s been a long dark, almost two years, this is the place you want to come to be reenergized.”
Hochul: “I focus on the fun, but also as your governor, I’m real excited about the economic impact that this is going to have – $2.7 billion, let me say that again, billion dollars of economic activity generated by the construction. $850 million in annual expected economic output, $44 million in local fiscal revenue to the county town, state, and the MTA. $270 million in pilot payments to schools, fire districts. That’s a lot of money. Let’s give that a round of applause by itself there alone.”