• Loading stock data...
Saturday, July 12, 2025

New York Group Secures $455M for Belmont Park Makeover

  • Belmont Park was last renovated in 1968. The renovations on Long Island could be completed by 2026.
  • The Breeders Cup has not been held at Belmont Park since 2005.
Belmont Park to get a makeover.
Jessica Alcheh-USA TODAY Sports

The New York State Racing Association has secured a $455 million loan from the state to renovate Belmont Park, the horse racing venue known for hosting the Belmont Stakes.

NYRA plans to add modern amenities, including sports betting features, to Belmont Park and completely replace the existing grandstand and clubhouse. The existing Belmont Park is 1.25 million square feet, but NYRA’s project will consolidate the facility to roughly 275,000 square feet. 

Belmont Park was last renovated in 1968. The renovations on Long Island could be completed by 2026, according to News 12.

NYRA says an economic analysis from HR&A Advisors found that the Belmont Park renovations will create 370 million construction-related jobs and generate $155 million in annual economic output. It is also expected to produce $10 million in new state and local tax revenue annually.      

The Breeders Cup has not been held at Belmont Park since 2005, but the new renovations “will guarantee” the return of the race to Belmont, according to NYRA. Last year’s Breeders Cup in Kentucky drew a wagering handle of $189 million and a total economic impact of $82 million.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.

Final Preakness Stakes at ‘Pimlico As We Know It’ Delivers High Drama

The Baltimore horse racing track is set for a $400 million renovation.
National Thoroughbred League

Hip-Hop Icon, Goldman Vet Buy $1M Miami Horse Racing Team

Last weekend’s event was hosted by two-time NFL MVP Lamar Jackson.

Kentucky Derby Sets Ratings, Betting Records Despite Attendance Dip

The crowd of 147,406 at Churchill Downs was down 6% from last year.

Featured Today

Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.
July 9, 2025

Browns $600M Stadium Deal Hit With Suit Over ‘Unclaimed’ Money

Ohio’s use of unclaimed funds for a new stadium is challenged legally.
April 19, 2022; Austin, TX, USA; Tim Leiweke of the Oak View Group speaks at a ribbon cutting ceremony for the Moody Center, a multi-purpose arena that will be home to concerts and the UT basketball teams on Tuesday April 19, 2022.
July 9, 2025

Oak View Founder Tim Leiweke Indicted for Alleged Rigged Arena Bid

The longtime sports executive leaves his day-to-day leadership role.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Chiefs Delay Stadium Decision As Kansas Dangles Dome Dreams

Kansas legislators extend bonds for potential Chiefs and Royals facilities.
Jul 3, 2022; London, United Kingdom; Jannik Sinner (ITA) returns a shot during his match against Carlos Alcaraz (ESP) on day seven at All England Lawn Tennis and Croquet Club.
July 7, 2025

Wimbledon’s Expansion Battle Looms Over Star-Studded Quarterfinals

The expansion’s loudest opposition is Save Wimbledon Park.
July 2, 2025

Commanders’ $3.8B Stadium Deal in Jeopardy? Mayor Sounds the Alarm

Political tensions rise about delays in stadium funding approval.
July 1, 2025

$600M for Browns Stadium Sparks Cleveland Backlash, Possible Lawsuit

The awarding of public funds draws criticism and could bring a lawsuit.