New York Cosmos Unveil Plan for Soccer Stadium
The New York Cosmos announced today that they have submitted a privately-funded economic development proposal to the State of New York to build a world-class 25,000-seat professional soccer stadium. Elmont Town Crossing will involve transforming two sections of Belmont Park into a vibrant entertainment complex, with a “Restaurant Row” of nine new eateries, nearly 250,000 square feet of retail space, a 175-room hotel and the development of a brand-new 4.3 acre public park for the residential community.
The proposed development, which will be privately-funded, was formally delivered to the Empire State Development Corporation on January 11th and is expected to cost more than $400 million. It would create more than 500 construction jobs and over 3,000 full-time permanent jobs. Construction alone would generate more than $500 million, concentrated in Nassau County, plus more than $200 million in revenue annually upon completion.
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