Jan. 16 (Bloomberg) -- The New York Cosmos, whose history includes Pele and other players among soccer’s biggest names, submitted a proposal to build a $400 million, privately financed stadium at Belmont Park race track.
The plan, which includes a 25,000-seat soccer-specific stadium, nine restaurants, retail stores, a hotel and a residential community, was submitted to the Empire State Development Corp. on Jan. 11, the team said in a statement.
If the project is approved, the team said it expects to break ground next year. The stadium would open in spring 2016.
The Cosmos are scheduled to debut in the seven-team North American Soccer League this spring.
Major League Soccer, which has a team in Harrison, New Jersey, wants to build a stadium in Flushing Meadows Park that would house an expansion team. Flushing Meadows is in New York City’s Queens borough, about 12 miles from Belmont Park in Elmont, New York.
The Cosmos began play in 1971, spending 14 seasons in the earlier NASL.
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