Gov. Kathy Hochul revealed her plan to modernize and transform historic Belmont Park last week. The construction, which would result in a modern 275,000-foot grandstand, is projected to require $1 billion and could be completed by 2026.
According to the governor’s office, the Belmont Park project will lead to 3,700 jobs, $1 billion in construction-related and other economic revenue, and ultimately generate an additional $155 million in annual revenue related to New York horse racing.
“The redevelopment of Belmont Park is a critical investment in one of New York’s most historic sporting venues,” said Hochul in a statement.
