If that process unfolds, it gives Resorts World a unique opportunity to work closely with our New York State and local community partners in developing economic growth pathways and public green space that complement our hotel and casino by unlocking the untapped potential of this land,\u201d the spokesperson said. \u201cWe are excited to play a leading role in helping New York State fulfill a shared vision for further developing an iconic destination right here in Queens.\u201d<\/p><\/blockquote>\n
While Resorts World is considered one of the favorites to receive a casino license, it will likely face steep competition from a number of other bidders. The process to award the licenses requires any casino proposal to have two-thirds support from a local review board before the state’s sitting committee can consider it.<\/p>\n
UPDATE (8:30 pm ET): According to a source familiar with Resorts World’s lease with the state, the agreement precludes any other casino operator from using the Aqueduct land for gaming purposes.<\/strong><\/p>\nWhat They Said<\/h2>\n A renovated Belmont would likely put New York in a position to host the Breeders\u2019 Cup, a two-day event that serves as the world championship for thoroughbred racing. Belmont has hosted the event four times, but not since 2005.<\/p>\n
The last time it was held outside of California or Kentucky was in 2007, when Monmouth Park was the site. Since then, it\u2019s been held only at Churchill Downs, Del Mar Thoroughbred Club, Keeneland, and Santa Anita Park.<\/p>\n
A strong state starts with a strong economy and culture \u2014 and horse racing has been an anchor for both in New York for generations. But to ensure this sport continues to uplift our state, we must modernize Belmont Park on Long Island,\u201d Heather Briccetti Mulligan, president and CEO of The Business Council of New York State, said in a statement. \u201cBy including the Belmont Park modernization in her executive budget proposal, Governor Hochul has demonstrated her commitment to building an even stronger New York.\u201d<\/p><\/blockquote>\n
The project also has the support of key lawmakers in the New York State legislature, who said they will work with lawmakers to ensure it stays in the final budget.<\/p>\n
\u201cUpgrading Belmont for the first time since the 1960s will secure the future of horse racing in New York State, create thousands of new jobs, and pump over a billion dollars into our state\u2019s economy \u2013 all at no cost to taxpayers,\u201d said Assembly Racing and Wagering Committee Chair Gary Pretlow, D-Mount Vernon. \u201cNYRA has worked diligently for years to create a project that is a clear win-win for New York.\u201d<\/p>\n
\u201c<\/strong>The advancement of the long overdue Belmont racetrack project will improve and transform that iconic sight for generations to come\u2026 I want to thank Gov. Hochul for understanding the critical role horse racing plays in New York and taking a major step forward to secure the sport\u2019s future by including the project to modernize Belmont Park in her Budget Proposal,\u201d Senate Racing, Gaming, and Wagering Committee Chairman Joe Addabbo, D-Queens, said.<\/p>\nNew York\u2019s fiscal year runs from April to March. By law, the state legislature is required to pass the budget by April 1. However, there have been numerous times when that deadline has been missed due to ongoing negotiations between legislative leaders and the governor\u2019s office.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York Gov. Kathy Hochul (D) is getting behind an effort to modernize Belmont Park, a move that could end up opening the door for a casino resort at what\u2019s now Aqueduct Racetrack. On Wednesday, the governor released her $227 billion budget proposal for the 2024 fiscal year. One of the projects included in the […]<\/p>\n","protected":false},"author":45,"featured_media":257223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,61],"tags":[84855,84854,81900,34],"acf":[],"yoast_head":"\n
New York Gov. Kathy Hochul Backs $455M Belmont Park Overhaul Plan<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n