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The effort between the New York Islanders and Nassau County to keep the Islanders where they belong...

The effort between the New York Islanders and Nassau County to keep the Islanders where they belong started back in 2003. Given the financial position of the County, the Islanders developed a plan to fund the transformation of the Coliseum. This plan, which came to be known as the Lighthouse, included additional development necessary to fund the construction and other expense of a new home for the Islanders. While we have not yet had the time to review the "new vision" just released by Supervisor Murray and the Town of Hempstead for the redevelopment of the Coliseum site, it does not appear to achieve the goals of the County and the developer. Without this, the Town of Hempstead’s "new vision" looks to be economically unviable for both the developer and owner of the site.

The full joint statement from the Lighthouse Development Group and Nassau County Exec. Ed Mangano, preserved here for posterity and the what-not.

Jones Lang LaSalle, the project management company for the upcoming $500 million renovation of...

Jones Lang LaSalle, the project management company for the upcoming $500 million renovation of Madison Square Garden, has begun work on a feasibility study for an Islanders arena at Willets Point -- the property surrounding Citi Field, the second-year home of the Mets.

>>A discussion-worthy bit from Chris Botta at FanHouse. Update: Katie Strang's source contradicts the story. The story says it's the Mets owners initiating the study here, but any bit of Plan B action is a nice sign. The MSG renovations JLL is managing look pretty sweet in this compilation at Blueshirt Banter. (Of course, money always buys you nice furniture, doesn't it?)

Actually, things may be more serious than that. Talk among NHL insiders is that the Islanders are...

Actually, things may be more serious than that. Talk among NHL insiders is that the Islanders are now in deep financial trouble. Some are worried Wang may be the next NHL owner to toss the keys to the franchise to Bettman and say he is finished paying for losses in excess of $20-million (U.S) every year.

David Shoalts, Globe & Mail, discussing six franchises that supposedly need advances on revenue/TV money. Just passing it on as FYI, as "talk among insiders" is, well, talk. Lot of couched language there. But once it's in the G&M, you know people will be citing it.

"... For seven years, Charles Wang has committed himself, both emotionally and financially to...

"... For seven years, Charles Wang has committed himself, both emotionally and financially to keeping the Islanders here ... I am a native Islander, and I support the Lighthouse project. And I don't believe there is any place that the Islanders should be playing but here on Long Island."

Gary Bettman at today's Lighthouse events, eliciting an ovation rarely heard outside of NHL Board of Governors meetings.

"First, thank you for the patience you've exhibited. We're going to make some mistakes, we're going...

"First, thank you for the patience you've exhibited. We're going to make some mistakes, we're going to do some very smart things. We're going to stay the course, we're going to build this team with the younger players, through the draft, and sprinkle in the kind of free agents we believe will add to the team."

Charles Wang's message to Islanders fans in the WFAN interview. He made no mention of "thousand points of light," but he did fault himself for "chickening out" and not hiring Snow as GM 40 days earlier.

"I'm told fan polls and surveys and such won't affect the decision. But honestly, I think the...

"I'm told fan polls and surveys and such won't affect the decision. But honestly, I think the environment surrounding the pick will be super-heated by June 26th. Who knows whether Charles Wang will suggest that Tavares could be awfully good for the box office? ... If they go a different direction, it will be out of a very strong conviction because they'll need a lot of backbone to back it up and explain it to the fan base."

>>Greg Logan in today's Newsday chat. From a purely cold observer perspective, it would be fascinating to watch how a non-Tavares announcement is handled.

"Wang came away very optimistic with the events of today, satisfied that he was able to speak to...

"Wang came away very optimistic with the events of today, satisfied that he was able to speak to Murray for the first time since January. He looks forward to meeting Friday with Murray, Suozzi, and Rechler at Suozzi's office. But he made one thing clear: the October deadline has not changed."

>>From Jim Baumbach's extensive Newsday live blog of the Lighthouse meeting today. More reaction/coverage links to come tomorrow.

"If I had the chance, I wouldn't do it again."

"If I had the chance, I wouldn't do it again."

>>Charles Wang, on his decision to buy the Islanders -- but more precisely as an expression of frustration at how long it's taken to move the arena project along. More on this later. I was just about to finish a post on how Islanders PR, the Lighthouse and Tavares intersect. Then comes this Wang money quote, which Lighthouse opponents will certainly twist for their own spin.

"Ultimately, if you don't want to go to a [Islanders] game because the arena is a dump, I lose, the...

"Ultimately, if you don't want to go to a [Islanders] game because the arena is a dump, I lose, the county loses, everybody loses. I want this thing to proceed. We can talk and talk, but we've got to get off our butts. Let's get it done."

Charles Wang in Newsday
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