Hang the belt over the drive wheel.
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If you have a 3" high friend, get them to help here. Where are all the pixies and fairies when a guy needs a hand? Otherwise, use a screwdriver or similar blunt tool and your thinnest fingers to get the belt in place as you swing the bearing assembly back in line.
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Bolt the bearing assembly back in place.
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Screw the speed adjustment arm back into place in the adjustment nut and with the two bolts to the bearing assembly fixture.
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Use the wheel unscrewed to the speed shaft to adjust the bottom pulleys as close together as possible. This will give the slowest speed for the lathe.
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Now it is a matter of tightening the belt and replacing the lathe covers in the order in which they were removed.