Islanders' future Belmont Park home to be named UBS Arena
The New York Islanders' future facility now has a name.
The Belmont Park building will be called UBS Arena, as the Swiss-based investment bank and financial services company secured an exclusive 20-year naming rights agreement.
Oak View Group CEO Tim Leiweke told Newsday's Jim Baumbach and Candice Ferrette that UBS intended to "send a strong message about their commitment to the future of this city, the metropolitan area, and the economy" in the wake of the coronavirus pandemic.
OVG is helping oversee the site's development in addition to guiding the renovation of Climate Pledge Arena - formerly KeyArena - the home of Seattle's NHL expansion franchise. UBS' American headquarters are located in New York City.
Construction at the Belmont Park site resumed in May after the $1.5-billion project was paused in late March due to the pandemic.
The team broke ground last September, targeting the start of the 2021-22 season for its official opening.