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Franz Beckenbauer

NY Cosmos soccer team plans Belmont Park stadium

The New York Cosmos, one of the world's best-known soccer franchises of the 1970s and 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 in Elmont, just east of New York City.A new soccer stadium could be an economic boon for struggling Nassau County following last year's announcement that the National Hockey League's New York Islanders were relocating to Brooklyn in 2015."This is an exciting prospect that will create jobs and complement Nassau's sports entertainment tourism plan," County Executive Ed Mangano said in a statement.Seamus O'Brien, chairman and CEO of the Cosmos, called Belmont "an ideal location and a win-win for everyone involved. Nassau County and Elmont will realize much ne...

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