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05-18-2013, 04:46 AM
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Originally Posted by Doakes View Post
I don't understand, if they are going to renovate the arena, then why couldn't the Islanders just stay?
Why renovate after the main tenant leaves?
Wang's 1st attempt was the $3 billion Lighthouse project. It was going to be a huge privately funded project. Partisan pols and the nimby crowd blocked this project.

Wang's 2nd attempt was the 2011 bond vote, that would have the public pay $400m for a NYI arena and I think a minor league baseball stadium. Voters rejected this plan. Some voters and pols, seemed to think Wang should pay for an arena he wouldn't own, on land he was leasing.

With about 2 1/2 yrs left on the Coliseum lease, Wang gave up and signed the Brooklyn lease. This finally got County pols off their ***** and now they look ready to get the land developed. A day late and a dollar short.

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