MINEOLA, N.Y. -- The New York Cosmos, one of the world's best-known soccer franchises of the 1970s and resurrected last year after nearly three decades of dormancy, proposed Wednesday to construct a 25,000-seat, privately financed stadium at Belmont Park racetrack.

Plans for the $400 million project were submitted last week to New York's Empire State Development Corp., which will decide later this year on how to develop the 400-acre racetrack property in Elmont, just east of New York ...

Read more