Belmont Park needs full-time LIRR schedule: Vallone 
 BY JENNA BACAL 
 As work on the Belmont  
 Park Redevelopment Project  
 is slated for later this year, a  
 northeast Queens lawmaker is  
 calling on the state to consider  
 full-time public  transportation  
 at the nearby Long Island Rail  
 Road train station. 
 Councilman Paul Vallone  
 submitted official testimony  
 to Empire State Development  
 and New York Arena Partners  
 on  Feb.  22  outlining  potential  
 congestion concerns and  
 remedies that would directly  
 impact his constituents. In his  
 testimony, Vallone urged the  
 stakeholders to establish “a  
 firm traffic-mitigation plan” to  
 ensure that Queens residents  
 could maintain a stable quality  
 of life. 
 “I represent Auburndale,  
 Bay Terrace, Bayside,  
 Beechhurst, College Point,  
 Douglaston, Flushing, Little  
 Neck, Malba and Whitestone,  
 neighborhoods just a few miles  
 away from Belmont Park,”  
 Vallone’s testimony reads. “As  
 a lifelong New York Islanders  
 fan,  I  am  personally  thrilled  
 that the team will be returning  
 to their original home of Nassau  
 County  …  However,  without  
 the  proper  forethought,  this  
 project could negatively affect  
 quality of life for the thousands  
 of my constituents who depend  
 on the active road and railways  
 surrounding Belmont Park to  
 commute every day.” 
 The Belmont Park  
 Redevelopment Civic and Land  
 Use Improvement Project,  
 as  it  is  officially  known,  is  a  
 $1.18 billion transformation of  
 surplus land into a new home  
 for the New York Islanders  
 hockey team. Once complete,  
 the site will include a 19,000- 
 seat hockey stadium, a hotel and  
 several commercial facilities  
 adjacent to the existing Belmont  
 Track. At peak attendance, the  
 racetrack and surrounding  
 area  will  accommodate  
 60,000  to  100,000  people  
 according to information from  
 Vallone’s office. 
 “The implementation of fulltime, 
  east-to-west service with  
 a Park and Ride option would  
 provide the proper relief to the  
 inevitable influx of traffic on the  
 already overloaded Cross Island  
 The redevelopment site at Belmont Park.     Courtesy of Cuomo’s office 
 Parkway, a major artery that  
 runs along Belmont Park and  
 throughout northeast Queens,”  
 Vallone’s testimony continues.  
 “The many constituents in  
 my  district  who  traverse  this  
 roadway on a daily basis can  
 attest to regular congestion.  
 Implementing full-time train  
 service at the Belmont station  
 would properly mitigate the  
 influx  of  thousands  more  
 individuals who will seek to get  
 to and from this hub on a daily  
 basis. Ensuring the station is  
 at full operation by the time  
 this development project is  
 completed is essential.” 
 A report erroneously said  
 that  developers  were  halting  
 the project to accommodate for  
 an “extended environmental  
 review” but ESD confirmed  
 that  they  expected  that  work  
 on the project is on track to  
 begin  in  the  second  half  of  
 2019. They added that they  
 have been working on full-time  
 transportation to Belmont as  
 well as traffic mitigation efforts  
 to the area. 
 “The  Belmont  Project  
 will  generate millions  in  tax  
 revenue  for  Nassau  County  
 and  Elmont  Schools  every  
 year,  upgrade  Elmont  Road  
 Park,  create  thousands  of  
 jobs, and bring The Islanders  
 back  to  Long  Island.  In  
 February,  we  reiterated  the  
 same timeline we’ve had since  
 the beginning of this project,  
 and  we  still  anticipate  final  
 public approval in the second  
 quarter  of  2019,”  said  ESD  
 spokesperson Jack Sterne.  
 Back  in  December,  City  
 Comptroller Scott Stringer  
 and  Councilman  Barry  
 Grodenchik expressed similar  
 sentiments about the increased  
 traffic for neighboring  
 Queens residents. 
 The  lawmakers addressed  
 a  letter  to  Department  
 of  Transportation  
 Commissioner  Polly  
 Trottenberg  urging  the  
 agency  to  conduct  a  traffic  
 study  of  potential  impacts.  
 Stringer  and  Grodenchik  
 suggested solutions including  
 a residential parking program  
 that  would  restrict  curbside  
 parking to residents during  
 certain times of day. 
 Give your money a raise 
 Make your money work harder by earning higher interest rates.   
 Talk to a banker for more details. Offer expires March 22, 2019.  
 Platinum Savings Account Fixed Rate CD 
 2.10% Annual Percentage Yield  
 for 12 months1 
 for 11 months2 Enjoy a special interest rate for 12 months with new money  
 deposits of at least $25,000 and a minimum daily account  
 balance of $25,000 or more. 
 2.60% Annual Percentage Yield   
 Guaranteed fixed rate with new money deposits of at least $25,000  
 for an 11-month term. 
 Both accounts are FDIC-insured up to the maximum allowable limit. Platinum Savings offer available in CT, DC, DE, FL, GA, MD, NJ, NY, SC  
 and VA. Fixed Rate CD offer available in AL, AZ, CT, DC, DE, FL, GA, MD, NJ, NM, NV, NY, PA, SC and VA. Portfolio by Wells Fargo® customers  
 are eligible to receive an additional interest rate bonus on these accounts.3 
 1. To qualify for this offer, you must have a new or existing Platinum Savings account and enroll the account in this offer between 01/21/2019 and 03/22/2019. This offer is subject to change at any time, without notice. This offer is available  
 only to Platinum Savings customers in the following states: CT, DC, DE, FL, GA, MD, NJ, NY, SC and VA. In order to earn the Special Interest Rate of 2.08% (Special Rate), you must deposit $25,000 in new money (from sources outside of  
 Wells Fargo Bank, N.A., or its affiliates) to the enrolled savings account and maintain a minimum daily account balance of $25,000 throughout the term of this offer. The corresponding Annual Percentage Yield (APY) for this offer is 2.10%.  
 The Special Rate will be applied to the enrolled savings account for a period of 12 months, starting on the date the account is enrolled in the offer. However, for any day during that 12 month period that the daily account balance is less  
 than the $25,000 minimum, the Special Rate will not apply and the interest rate will revert to the standard interest rate applicable to your Platinum Savings account. As of 12/10/2018, the standard interest rate and APY for a Platinum  
 Savings account in CT, DC, DE, FL, GA, MD, NJ, NY, SC and VA with an account balance of $0.01 to $99,999.99 is 0.03% (0.03% APY) and with an account balance of $100,000 and above is 0.05% (0.05% APY). Each tier shown reflects the  
 current minimum daily collected balance required to obtain the applicable APY. Interest is compounded daily and paid monthly. The amount of interest earned is based on the daily collected balances in the account. Upon the expiration  
 of the 12 month promotional period, standard interest rates apply. Minimum to open a Platinum Savings account is $25. A monthly service fee of $12 applies in any month the account falls below a $3,500 minimum daily balance. Fees may  
 reduce earnings. Interest rates are variable and subject to change without notice. Wells Fargo may limit the amount you deposit to a Platinum Savings account to an aggregate of $1 million. Offer not available to Private Banking, Wealth,  
 Business Banking or Wholesale customers. 2. Annual Percentage Yield (APY) is effective for accounts opened between 01/21/2019 and 03/22/2019. The 11-month New Dollar CD special requires a minimum of $25,000 brought to Wells  
 Fargo from sources outside of Wells Fargo Bank N.A., or its affiliates to earn the advertised APY. Public Funds and Wholesale accounts are not eligible for this offer. APY assumes interest remains on deposit until maturity. Interest is compounded  
 daily. Payment of interest on CDs is based on term: For terms less than 12 months (365 days), interest may be paid monthly, quarterly, semi-annually, or at maturity (the end of the term). For terms of 12 months or more, interest may be  
 paid monthly, quarterly, semi-annually, or annually. A fee for early withdrawal will be imposed and could reduce earnings on this account. Special Rates are applicable to the initial term of the CD only. At maturity, the Special Rate CD will  
 automatically renew for a term of 6 months, at the interest rate and APY in effect for CDs on renewal date not subject to a Special Rate, unless the Bank has notified you otherwise. Due to the new money requirement, accounts may only be  
 opened at your local branch. Wells Fargo reserves the right to modify or discontinue the offer at any time without notice. Offer cannot be combined with any other consumer deposit offer. Minimum new money deposit requirement of  
 at least $25,000 is for this offer only and cannot be transferred to another account to qualify for any other consumer deposit offer. If you wish to take advantage of another consumer deposit offer requiring a minimum new money deposit,  
 you will be required to do so with another new money deposit as stated in the offer requirements and qualifications. Offer cannot be reproduced, purchased, sold, transferred, or traded. 3. The Portfolio by Wells Fargo program has a $30  
 monthly service fee, which can be avoided when you have one of the following qualifying balances: $25,000 or more in qualifying linked bank deposit accounts (checking, savings, CDs, FDIC-insured IRAs) or $50,000 or more in any combination  
 of qualifying linked banking, brokerage (available through Wells Fargo Advisors, LLC) and credit balances (including 10% of mortgage balances, certain mortgages not eligible). If the Portfolio by Wells Fargo relationship is terminated, the  
 bonus interest rate on all eligible savings accounts, and discounts or fee waivers on other products and services, will discontinue and revert to the Bank’s then-current applicable rate or fee. For bonus interest rates on time accounts, this  
 change will occur upon renewal. If the Portfolio by Wells Fargo relationship is terminated, the remaining unlinked Wells Fargo Portfolio Checking or Wells Fargo Prime Checking account will be converted to another checking product or closed. 
 Investment and Insurance Products: 
 Are not Insured by FDIC or any Federal Government Agency May Lose Value Are not a Deposits of or Guaranteed by a Bank  
 © 2019 Wells Fargo Bank, N.A. All rights reserved.  
 Deposit products offered by Wells Fargo Bank, N.A. Member FDIC. 
 NMLSR ID 399801 
 TIMESLEDGER,6      MARCH 8-14, 2019 TIMESLEDGER.COM 
 
				
/TIMESLEDGER.COM