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Arena financing details to be announced next week

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Old
06-16-2011, 12:13 PM
  #1
IslesBeBack*
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Arena financing details to be announced next week

I know this will be merged, but it is breaking news in the sense that it will finally provide us with the information that we've been waiting for.

As per Chris Botta, arena news to be released next week :-)

http://twitter.com/#!/ChrisBottaNHL
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"SNYtv PB has learned that Charles Wang and Nassau Exec @edmangano will provide full details on #Isles arena deal next week."

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06-16-2011, 12:20 PM
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IslesFanatic
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I dont see that tweet anywhere

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06-16-2011, 12:23 PM
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Originally Posted by IslesFanatic View Post
I dont see that tweet anywhere
Click the link?

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06-16-2011, 12:26 PM
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IslesFanatic
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Click the link?
Found it. I follow him on twitter but that tweet never came up. But I looked up his tweets and its there. I just wrote to managano pleading for them to release the info!!!!

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06-16-2011, 12:27 PM
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Found it. I follow him on twitter but that tweet never came up. But I looked up his tweets and its there. I just wrote to managano pleading for them to release the info!!!!
You really have to wonder how two seemingly smart people in Wang and Mangano can't grasp the idea of getting this information out there as soon as possible. Although next week constitutes the timeframe they gave, if they did work on this for 10 months to 1 year, they should have had enough ammo by now to silence negative propaganda with facts that lead to positive comments.

We'll see how this plays out.

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06-16-2011, 02:57 PM
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I think the $58 added to Long Islander's property tax may be a problem. The majority of Long Islander's could care less about the Islanders. I'm praying everything goes through without a hitch, but people who care less about hockey, will probably vote against. Though I have no concrete info to base this on, just my thoughts on the vote. I would vote 100% yes for the new arena.

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06-16-2011, 03:10 PM
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Originally Posted by scott99 View Post
I think the $58 added to Long Islander's property tax may be a problem. The majority of Long Islander's could care less about the Islanders. I'm praying everything goes through without a hitch, but people who care less about hockey, will probably vote against. Though I have no concrete info to base this on, just my thoughts on the vote. I would vote 100% yes for the new arena.
I figured that when the first proposal Wang made with the LHP fell through there was going to be a catch. Seemed almost too good to be true that he was proposing to do this with his own money. Seems to be the way of it that the tax payers were gonna wind up footing the bill.

an added $58 onto the property tax isn't so bad. That comes to a lil over 5 dollars a year. Although from what I hear property taxes on Long Island are already sky high ridiculous.

If the tax payers are gonna pay for it then Wang had to forgo corporate naming rights. I hate that crap. Name it after a great Long Islander. Call it All Arbour arena or something. Just don't name it after Coke or something.

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06-16-2011, 03:34 PM
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Originally Posted by CDirt View Post
I figured that when the first proposal Wang made with the LHP fell through there was going to be a catch. Seemed almost too good to be true that he was proposing to do this with his own money. Seems to be the way of it that the tax payers were gonna wind up footing the bill.

an added $58 onto the property tax isn't so bad. That comes to a lil over 5 dollars a year. Although from what I hear property taxes on Long Island are already sky high ridiculous.

If the tax payers are gonna pay for it then Wang had to forgo corporate naming rights. I hate that crap. Name it after a great Long Islander. Call it All Arbour arena or something. Just don't name it after Coke or something.
Or call it AT&T arena at Al Arbour plaza and rake in an extra $15 million per year. Ya know... instead of being completely retarded and cutting off a potential huge revenue stream.

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06-16-2011, 04:05 PM
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Exactly, a naming rights deal increases revenue thus reducing what would potentially fall back on taxpayers.

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06-16-2011, 04:07 PM
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Originally Posted by scott99 View Post
The majority of Long Islander's could care less about the Islanders.
Luckily, the majority of Long Islanders also couldn't care less about voting.

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06-16-2011, 05:20 PM
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CDirt
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Exactly, a naming rights deal increases revenue thus reducing what would potentially fall back on taxpayers.
Really?

I'll bet you any amount of money that all the money brought in for a naming rights deal goes into Wang's pocket. This wouldn't be the first time and it won't be the last time the tax payers foot the bill while the owners keep all the revenues.

And working class folks can barely afford to get into the building.

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06-17-2011, 12:02 AM
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This announcement will be an epic fail. I expect a power point presentation at a hotel conference room with the glue from the wallpaper loosening. Mangano will try to throw people off by saying "arener" over and over, but since the media (all 4 of them) heard it from him last press conference, they'll be ready. Once he realizes it's not distracting them from all the holes in his proposal, he'll start saying, "Casinor."

Wang/Mangano have the resume of a registered sex offender and as if we're asking their advice on teacher/student relations. I expect the new arena proposal to have more holes than the golf course in Caddyshack.

I will be shocked if I'm wrong and I will happy publicly apologize if I am.

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06-17-2011, 06:13 AM
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I don't know if virulent pessimism is a New York thing or just a product of being an Islanders fan for too long and too many disappointments, but I will take a wait and see approach.
A $400MM bond issue is big money. Regardless of the bumbling delay in getting out details, or being premature in announcing the proposal, this has to have financial professionals behind it for that much money. This is not being slapped together by Wang and Mangano on an Excel spreadsheet on Wang's laptop with Mangano hanging over his shoulder.
In the end this could fail because of political posturing and gridlock, but it would be amazing if the proposal was not comprehensive and in full disclosure. It is a public bond issue. It will not be bought or even brought to market without a Moody's or S&P rating.

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06-17-2011, 06:24 AM
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Quote:
Originally Posted by periferal View Post
This announcement will be an epic fail. I expect a power point presentation at a hotel conference room with the glue from the wallpaper loosening. Mangano will try to throw people off by saying "arener" over and over, but since the media (all 4 of them) heard it from him last press conference, they'll be ready. Once he realizes it's not distracting them from all the holes in his proposal, he'll start saying, "Casinor."

Wang/Mangano have the resume of a registered sex offender and as if we're asking their advice on teacher/student relations. I expect the new arena proposal to have more holes than the golf course in Caddyshack.

I will be shocked if I'm wrong and I will happy publicly apologize if I am.
What did I tell everybody? The difference here is I said it wont matter what the details say when released, there will still be people jumping all over the plan. Perif. you beat all my expectations, you couldn't even wait for the announcement of the details for a chance to dump on it and now that they announce the details will be released you are dumping on them. All before you have a clue as to what they are presenting, my last prediction is it doesn't matter what details are released next week.

My prediction is that you will dump on them immediately after the presentation is over never taking the time to digest it and understand it's nuances. Bravo

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Old
06-17-2011, 09:31 AM
  #15
IslesBeBack*
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Here's the problem:

What is chosen by one person may not be chosen by the next. If the taxes go up 58 dollars per year on property taxes, like the band of Democratic morons insist, than who are they to say that it is "bad"? If the people of Nassau County come out and vote on August 1st "Yes", full well knowing their property taxes could go up an estimated 58 dollars, than it is the job of these disgusting, lowlife politicians to represent what is best for the people and plead on OUR behalf. Not the other way around. The problem is, this is nary how it works anymore. Everyone has their own agenda. Who are these democratic ******** to send around e-mails with a negative agenda, when it is the PEOPLE that should be able to CHOOSE how they spend their MONEY?

If the people vote yes and decide that it is worth the investment to keep the team they love on Long Island, as well as create thousands of jobs and an economic stimulus, than that's what it is.

I just don't get where these people have a right sending around e-mails telling the people of Long Island that something they will "vote" on is "wrong for long island" and that we are being "lied too". All this before the plan is unveiled.

I felt this was an uphill battle from the beginning, and it still is... because no matter what happens August 1st (and it will be interesting to see what does happen), these politicians will vote on the outcome of the vote with what they feel is right, not with what the people want.

This is just sad. All of it. If the Islanders leave, so do I. I have no reason to be a mid-twenties professional on Long Island without something I care about here.

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06-18-2011, 12:40 PM
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It really is disheartening to see Politicians worrying about themselves over the wants and needs of the people who voted them into office. I'm a registered democrat, and what these democrats are doing is despicable, but Republicans aren't saints either in this matter. All the dems were on board when TLP was a proposal and the Republicans were screaming bloody murder. Now that a Republican has proposed the idea the tables have completely turned. I went to every Legislative Meeting regarding the discussion of the vote to allow the the vote to take place, and it's disgusting how bad some of these politicians are at lying. Some Dems were saying they wouldn't vote yes for something they didn't have all the facts about, which in my opinion is preventing us from practicing our democratic right of voting on a matter we want passed or failed. It's clear that these Politicians don't give a damn about what's good or bad for Long Island (both Republicans and Democrats), rather they care more about helping their friends line their pockets even further.
This is one of the biggest reasons why I don't want anything to do with Politics anymore. I was considering Politics and Political Science as a field of study, but seeing how these little these politicians care about Long Island and the residents who put them into office is sickening.

With all that said, I do think this will pass. The Dems can sling mud at this all they want, but the reality of it is that this is still a Monday in August where most people can't be bothered to vote. The problem, though, is getting this through NIFA. They've been against us since Day 1, I only hope they do the right thing and allow the taxpayers to spend their money, if they so choose.

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06-18-2011, 01:18 PM
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06-18-2011, 01:33 PM
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