A controversial plan to bring a new $1.2 billion arena and entertainment venue to state-owned Belmont Park will now include a $105 million full-service stop on the Long Island Railroad, Gov. Cuomo announced Monday.
The station serving Belmont, NY, is a huge score for the New York Islanders arena project and will be situated between the Queens Village and Bellerose stations on the LIRR’s Main Line, just east of the Cross Island Parkway.
A press release put out by the governor’s office claimed it will the cost the arena developers – a partnership that includes the owners of both the Islanders and New York Mets — $97 million of the estimated $105 million price-tag.
However, state officials later clarified that the developers are only paying $30 million up front with the remaining $67 million to be covered by a no-interest, multi-decade state loan. The state will pick up the remaining $8 million.
The news didn’t sit well with project opponents.
“Obviously the State of New York wants to play hide the puck, and pretend that arena developers are paying for a massive transportation project instead of the taxpayers and commuters, and they buried that actual fact in the fine print. That is a disrespect, and cardinal breach of public trust,”said Tammie S. Williams of the Belmont Park Community Coalition.