The Belmont Park arena plan was granted preliminary approval by the state-run Empire State Development corporation back in 2017, and has been working its way through the public oversight process ever since, amid persistent protests by community groups who say they don't want the traffic and transit headaches the arena would bring, as well as concerns that the state land being provided for the project could be worth three to eight times as much as the Islanders group's $40 million offer.
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