January 25, 2023
Labor Unions Join Statewide Business Community to Urge Governor Hochul to Include Modernizing Belmont Park in the Executive Budget Proposal
Modernizing Belmont Park would generate $1 billion in immediate economic impact, create 3,700 construction jobs, and sustain 740 new full-time jobs
New York, NY – We Are NY Horse Racing, a coalition of small businesses, labor unions, non-profits, and trade associations who recognize the importance of horse racing to the New York State economy, today released letters from major unions along with a dozen small businesses and advocacy groups urging Governor Kathy Hochul to include the modernization of Belmont Park in the FY 24 Executive Budget Proposal.
This most recent push to support the construction of a new Belmont Park follows the recent launch of a six-figure ad campaign designed to highlight the economic impact associated with the transformation of Belmont Park into a world-class sports and entertainment destination.
The letters formalize support of a new Belmont Park from the Enterprise Association of Steamfitters Local 638, International Brotherhood of Electrical Workers (IBEW) Local 25, North Atlantic States Regional Council of Carpenters Local 290, International Union of Operating Engineers Local 30 and Plumbers Local Union 200. In addition, the Long Island Association, the Long Island Hispanic Chamber of Commerce, more than a dozen Saratoga Springs-based businesses, fifteen New York-based thoroughbred training businesses, eleven New York-based thoroughbred breeding farms, and US Lumber joined together to highlight the importance and significance of a project that will create thousands of jobs and billions in long term economic impact for Long Island.
“The positive impacts of horse racing are felt in every corner of New York State – and that’s why it’s no surprise that small business owners, advocacy groups, and organized labor alike all support modernizing Belmont Park,” said Jack Sterne, We Are NY Horse Racing spokesperson. “Building a new, world-class racing facility at Belmont Park will create a ripple of immense economic impact both locally and across the state, including new jobs and new revenue for local governments. From Long Island to Saratoga and beyond, New Yorkers are coming together to ensure Governor Hochul and lawmakers in Albany understand the immense benefits of this project and include modernizing Belmont in this year’s state budget.”
Last month, We Are NY Horse Racing released an independent economic analysis which found that the project to modernize Belmont Park would generate $1 billion in one-time construction-related economic impact. After the new Belmont Park is built, it will produce $155 million in new annual recurring economic output, along with $10 million in new state and local taxes per year.
Since launching the campaign to modernize Belmont Park, the We Are NY Horse Racing coalition has seen a surge of support across the state for the project. Earlier this year, a poll found 68 percent of voters statewide and 75 percent of voters on Long Island support authorizing state-backed bonds for the Belmont modernization project. Several new members have also joined the growing coalition’s push including the Long Island Association (LIA), Long Builders Institute (LIBI), Business Council of New York State and Queens Chamber of Commerce.
To read the full letters visit the links below:
About the We Are NY Horse Racing Coalition
We Are NY Horse Racing is a coalition of small businesses, labor unions, non-profits, and trade associations who recognize the importance of horse racing as an economic engine that creates and sustains jobs for New York families. In total, the sport generates $3 billion annual economic activity in New York State and sustains 19,000 jobs for New Yorkers.
Launched in September of 2021, the coalition has quickly grown to include more than 50 members committed to educating the public about the role the sport plays in the New York State economy and advocating for legislation that supports horse racing in the Empire State. In addition to a paid advertising campaign, the membership has engaged in dialogue with lawmakers, participated in legislative hearings and conducted grass roots events to build support for the sport.
For additional information, visit www.nyhorseracing.com