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)
$ 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!