The arena at the center of the project will welcome the Isles for the 2021-22 season. (Populous) 

The New York Islanders’ excruciating journey to build a new arena finds them back home in Long Island, situated in the metropolitan area’s biggest piece of underdeveloped real estate.

The site, Belmont Park, a historic horse racing facility and home to the third leg of the sport’s Triple Crown, takes up 450 acres in Nassau County. In three years, the NHL’...

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