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October 23, 2011

How Will Long Island's Financial Woes Effect The Islanders?


We All know the financial problems that have been facing Nassau County and now it seems like Suffolk isn't too far behind.  According to a Newsday report Suffolk County is going to fail to make its 2012 budget and might run out of money by the middle of the year.

With both counties in financial crisis the odds of either helping the Islanders fund an arena are none.  In order for the Islanders to get an arena in either county state aid is needed, or a private developer. With Charles Wang already saying that he wasn't willing to build a stand alone arena out of his pocket, since it doesn't make financial sense in this economy, the odds of the project being privately developed are slim.  It seems like our two best chances for keeping the Islanders at this time is for Wang to jump aboard with the project that wins the state's money, or a move west to Brooklyn.

 Additional Reading:
http://mobile.newsday.com/inf/infomo;JSESSIONID=5C013C6870D3F469137C.3153?site=newsday&view=politics_item&feed:a=newsday_1min&feed:c=politics&feed:i=1.3265301

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