New York State officials are in the process of trying to sell two parcels of land at Belmont Park, according to an article at the Blood-Horse.
In a meeting held Aug. 30, the New York Franchise Oversight Board made the decision to sell the two parcels, which totals 36 acres. Both sections are parking lots that have only been used on Belmont Stakes day.
According to the article, one parcel, which is eight acres, sits next to railroad tracks and its potential use could be 'lodging, resort, or spa facilities' or 'any use complementary to horse racing. The second parcel, which is 28 acres, may be developed into retail, lodging, or professional office space.
Officials stated that there could be no residential development or video lottery terminal facilities at either site.
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