UBS secured exclusive 20-year arena naming rights to the new, future home of the New York Islanders, located at Belmont Park in Elmont, New York, and projected to open for the 2021-22 National Hockey League season, the company said Wednesday.
The $1.5 billion private investment that the firm made into the arena and overall surrounding campus “will provide a significant boost to the regional economy at a time when economic activity has slowed due to the COVID-19 pandemic,” UBS said in its announcement.
Prior to the COVID-19 pandemic, the Islanders, crosstown rivals of the New York Rangers, had been splitting home games between Barclays Center in Brooklyn and Nassau Coliseum in Uniondale, New York, which the Islanders previously called home from 1972 to 2015.
Along with securing naming rights to the arena, specific elements of the agreement with UBS include permanent exterior signage, entitlement to the arena’s largest premium private hospitality space and prominent UBS logo placement on the facility’s roof, center ice and throughout the venue, the firm said. “UBS clients and employees will also enjoy extensive VIP hospitality opportunities,” it said.