The future of Nassau Coliseum after the Islanders lease expires in 2015 has been decided by Nassau County Executive Ed Mangano. In a press conference on Thursday morning in Mineola, the County Executive announced that Forest City Ratner Companies has been chosen to redevelop the Coliseum.
The NY Post published a story late last night on their web-site by Josh Kosman claiming that New York Islanders owner Charles Wang is looking to sell the team (Photo Credit: stayclassynet/Flickr).
According to the article, Wang has had preliminary discussions with a Manhattan investment bank called The Raine Group.
There have been rumors and discussions in the past on various hockey web-sites stating that Wang has been open to selling the team for somewhere around $300 million. However, the Islanders losing record over the years compacted with their massive financial losses may make that a tough price to sell.
Hockey is back and everything is right in the world of the NHL. Well, sort of. There are some sour faces on fans that feel betrayed by the shield. But pouty, angered people will quickly turn that frown upside down. Fans will forgive as soon as the first puck drops on January 19th. Who can hold a grudge with the game we all love so dearly?
As the new season rapidly approaches, there are some immediate questions that need to be tended to.
Who will the shortened season favor: the veteran teams or the young guns?
How will teams deal with the immediate pressure of each game meaning more than usual?
Prior to the NHL lockout, the New York Islanders announced that the team will be moving to the Barclays Center in Brooklyn once the lease with Nassau County expires in 2015. Although this was good news for the local fans, this situation also provided a lot of work for team owner Charles Wang and General Manager Garth Snow (Photo Credit: Official New York Islanders/Flickr).
The Islanders need to be a team ready to compete by the time they enter their new home. A new arena means a new identity, and it cannot be the one that this team has maintained for the last few years.
The long wait is over. The New York Islanders will finally have their new arena once the lease expires in 2015. It was announced today the team owner Charles Wang has signed a 25-year lease with Barclays Center Owner Bruce Ratner that will kick into effect for the 2015-2016 season. (Photo Credit: stayclassynet/Flickr)
Per the Isles official press release:
NEW YORK ISLANDERS TO MOVE TO BARCLAYS CENTER IN BROOKLYN
First NHL Team to Play Home Games in Brooklyn
BROOKLYN, NY (October 24, 2012) -- New York Islanders Owner Charles B. Wang, Barclays Center Majority Owner and Developer Bruce Ratner, and Onexim Sports and Entertainment announced today that the Islanders will move to Barclays Center in Brooklyn. The 25-year agreement begins for the 2015-16 season.
It was reported today by Randi Marshall of Newsday that four developers have applied to become the master developers of the Nassau Coliseum area known as the Hub. (Photo Credit: Nuke812/Flickr)
"Patchogue -based Baldassano Architecture submitted an application, managing partner Alex Badalamenti confirmed Tuesday. Garden City developer Breslin Realty also submitted its qualifications, a source said. They will compete with Plainview developer Donald Monti and Syosset developer Ed Blumenfeld."
Monti has already expressed a strong desire to keep the New York Islanders in Nassau County through is developments if he is chosen, stating in a previously printed Newsday article that losing the team would be a "travesty" and that his plans "will be with the Islanders staying."