NEW YORK (CBSNewYork) — The New York Islanders have found a sponsor for their new arena in Belmont Park.
On Wednesday, wealth management firm UBS announced an exclusive 20-year naming rights deal for the building, which will be called UBS Arena. It is projected to open for the 2021-2022 season.
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We are excited to announce an exclusive 20-year arena naming rights agreement for the future home of the @NYIslanders. @UBSArena at Belmont Park in Elmont, NY is projected to open for the 2021-22 @NHL season. Full details here: https://t.co/PmZMPBOPYi#shareUBS pic.twitter.com/AeTejexroa
— UBS (@UBS) July 22, 2020
The Islanders will have a permanent home in Elmont, after a brief period when the team played at the Barclays Center in Brooklyn and back at the now-closed Nassau Coliseum.READ MORE: Disciplinary Trial To Begin For Former SBA President Ed Mullins
“If you look at a franchise where fans have been put through a more difficult process, there aren’t many that compare to the Islanders,” said Tim Leiweke, the CEO of the Oak View Group, which is overseeing the project.MORE NEWS: Judicial Inquiry To Get Underway Into Death Of Eric Garner
According to reports, the new Islanders arena is expected to generate $25 billion in economic activity and create 10,000 construction jobs and 3,000 permanent jobs. The new Islanders arena will be a 25-minute LIRR ride from Manhattan and a 30-minute train ride from Penn Station.