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February 27, 2009
Isles file arena paperwork, financing still hazy
Field of Schemes
Neil deMause reports on the status of New York Islanders' owner Charles Wang's plans for a new arena (Wang released a 6,000-page environmental report on Tuesday).
Commenter Januz believes the only way the Isles remain in the area is if they relocate to Brooklyn (guess where), and he notes that Al D'Amato is the reason why.
Interesting enough, Al D'Amato is involved with BOTH Ratner and SMG (The managers of the Coliseum).
...A possible plan of D'Amato's, could be to have Atlantic Yards be considered "Shovel Ready" to help with funding. Move the Nets temporarily to the Coliseum, until it is built, then move them and the Islanders to Brooklyn. Then when the economy improves, sell the Coliseum and the land to a developer (Say around 2015, when SMG's management contract expires, and the economy is better?).
Posted by eric at February 27, 2009 10:45 AM