Announcement of a Mall in Queens

On Thursday there will be an announcement of a mall and hotel to be built in Citi Fields parking lot.

Mayor Bloomberg is set to reveal the details for a 1 million-square-foot mall near Citi Field — a joint venture between Sterling Equities and Related Cos., sources told the Daily News.
Details for the first phase of Willets Point development, which will include a hotel and 30,000 square feet of retail space, will also be announced, sources said.

Read more: http://www.nydailynews.com/new-york/queens/mayor-unveil-willets-point-shopping-center-plan-thursday-article-1.1094457#ixzz1xi8PJ04K

What does this mean for the Islanders? It means that the possibility of the Islanders building an arena in one of Citi field's parking lots looks bleak.  Back in 2010 there were murmurs of the Islanders and Wilpons talking about an arena in Willets Point.  It seems like Queens and the Wilpons are ready to start developing the area around the Mets and the Islanders don't seem to be involve.