reconstruction

New Legislation Could Aid Belmont

Legislation has now been introduced in both houses of the New York State Legislature that, if passed, would provide NYRA with the statutory authority to access $450 million in New York State-backed bonds to finance the construction of a new racing facility at Belmont Park. The project would include the construction of a new building to replace the current grandstand and clubhouse; the reconstruction of the main track and both turf courses; and the installation of a synthetic track to be used for winter racing. NYRA would pay all debt...

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