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January 17, 2013

NY Cosmos soccer team plans a $400M stadium

  • Elmont Crossings would have nine restaurants, retail, a 175-room hotel and a park.
    • By FRANK ELTMAN
    Associated Press

    MINEOLA, N.Y. — The New York Cosmos, which was one of the world's best-known soccer franchises of the 1970s and was resurrected last year after nearly three decades of dormancy, proposed Wednesday to construct a 25,000-seat, privately financed stadium at Belmont Park racetrack.

    Plans for the $400 million project were submitted last week to New York's Empire State Development Corp., which will decide later this year on how to develop the 400-acre racetrack property just east of New York City.


     
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