01:00 Belmont Park - Racecard - Flower Bowl Stakes (grade 1)

Why Gov. Cuomo will say "Yes" to NY Cosmos Stadium

For more than just the New York Cosmos, a stadium at Belmont Racetrack makes sense and in IMHO will be approved by Gov. Cuomo. Hold your glee for a moment.
NYRA has recently announced its desire to build a premier horse medical and research facility. No indication of where although Belmont is a possibility. Could this fit in Parcel A? Maybe, but Parcel A will no doubt be a racino, that will in 4 or 5 years morphed into a full Vegas style casino; as will Genting's racino at Aqueduct racetrack. There will be 3 casinos licenses up for bid in NYC. These will account for two.
In the end, Parcel A will be far more lucrative for the state than a stadium on Parcel B. The stadium however is an important component of the state's goal at Belmont Racetrack. Which is to create a 24/7 detination for locals & tourists.
The casino license alone will be auctioned for more than what the Cosmos plan to invest, if what the state reaped with the recent awarded licenses upstate are an indication.
When the ESDC asked the bidders to resubmit with only Parcel B in mind, one can reasonably assume, one plan in the bunch, fits the state's master plan for Belmont. They had the option of rejecting all the bids.
What's the state's master plan?
Well a Commissioned Study Panel, announced months prior to it issuing a report on that plan, that it will not issue a report. Gov. Cuomo is fond of disbanding commission he creates.
Behind the scenes political negotiations were taking place to re-privatize NYRA. The Governor got his wishes. He will appoint the majority of Directors & all NYRA's profits will go into the NYS General Fund. The Governor can say to the public, see money for education, when in reality it will be money to plug budget holes.
There will be a lot of money. Profit potential at NYRA are huge going forward, if managed properly. The casinos, year round racing that feeds it's national cable network; people make live bets on these races nationally from their couches. Profits has steadily increased at all 3 tracks in recent Quarters.
Many people believe that all racing would be transfer to Aqueduct because Belmont's track configuration is not conducive to winter & fall racing. Recent renovations & developments at Belmont indicates that racing will continue & increase at the tracks.
Racing at Belmont is a huge New York State brand. It's to valuable to abandon. This was proven two years ago when more than 110 thousand people showed up to The Belmont Stakes. Problem for the State, everyone left at the same time. Can you imagine.
It highlighted the need for improved LIRR transportation and the need to entice people to stick around after the Stakes and the need to find a way to get a percentage of those people to come to Belmont daily. A casino will help and so will a multi- use stadium. Post Belmont Stakes concert anyone?
What does a stadium offers?
For one it will not be just 16- 20 NY Cosmos games. Consider a NWSL team, International friendlies & tournaments, USNT games, T20 International Cricket, college football, NHL & International games, events & exhibitions, and concerts. All of this will drives foot traffic to the casino and racetrack.
For all that New York City offers, it lacks a quality medium size stadium. Yankees & Citifield no matter how configured, are baseball specific. Barclays and MSG are well used. NY Cosmos Stadium offers NYC a medium size venue and more.
The hotel, restaurants, park, community space & supermarket are also needed. All constructed with out taxpayers money.
A stadium would also be huge benefits to NASL & Independent soccer. For the Cosmos owners & sister company OWS, The potentials are massive.
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