FanPost

Why plans of the new arena CAN work. A 400 Million dollar Mortgage...

This is what I think the taxpayers, Islander fans and voters should see. Ed Mangano and the county should, and probably will release an "Economic plan" on how this CAN work. Maybe I can beat them to the punch.

Take into consideration that the 400 million dollars is a 30 year MORTGAGE. This is all in theory of course.

The simple math:

400 Million over 30 years = 13.3 Million per year (W/O Interest)

Yearly Income:

$ 7 Million annually- Wang's lease agreement (Rent) to operate the Islanders.

$ 12 Million annually- A lease agreement with an "Event Management Company". (Operate the facility when it's not being used by the Islanders)

That's $ 19 Million a year. Without adding ANYTHING else. 

I would like to hear EDUCATED comments on how this can't work. Thanks!

<em>Submitted FanPosts do not necessarily reflect the views of this blog or SB Nation. If you're reading this statement, you pass the fine print legalese test. Four stars for you.</em>

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