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Newsday Article; Should Wang speak out?
Topic Started: Nov 16 2008, 08:28 AM (737 Views)
clebo99
1st line
Another about the Isles moving on Newsday.com. I'm thinking with Bettman starting to get involved it may start creeping towards a reality.
"When you've loved and lost like Frank has, you know what life's all about".
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Dark Helmet
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clebo99,Nov 16 2008
09:28 AM
Another about the Isles moving on Newsday.com.  I'm thinking with Bettman starting to get involved it may start creeping towards a reality.

gotta provide a link dude...
http://www.newsday.com/sports/hockey/islan...,4276073.column
After reading it... more speculation. :rolleyes:
"Evil will always triumph because Good is dumb."
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Islander4cups
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It is spec, but it is the type of article Wang wants to see written. Have the media put pressure on the town to act now.
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smittyrules31
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Repeat a lie frequently enough....
Too much detail to get into here, but I think the credit crunch and economic landscape does not bode well here either. Real estate crashing, businesses folding and banks refusing to lend (and especially shying away from large projects as this)...not good. Throw in a few lawsuits that you know will inevitably arise and I think the whole financial underpinnings of this project are a bit shaky. It's definitely not the same playing field as it was even 6-8 months ago. Look at what is going on with Ratner and Atlantic Yards. Massive real estate projects are notorious for delays and never being fulfilled, even in the best of times. Still, I'm confident that this will get done but I wonder what impact the current financial mess will have on this project. It may be minimal (hopefully) but it won't be a positive.
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In the beginning, the Universe was created. This made a lot of people very angry and has been widely regarded as a bad move.
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dragoneye
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smittyrules31,Nov 17 2008
12:02 AM
Too much detail to get into here, but I think the credit crunch and economic landscape does not bode well here either. Real estate crashing, businesses folding and banks refusing to lend (and especially shying away from large projects as this)...not good. Throw in a few lawsuits that you know will inevitably arise and I think the whole financial underpinnings of this project are a bit shaky. It's definitely not the same playing field as it was even 6-8 months ago. Look at what is going on with Ratner and Atlantic Yards. Massive real estate projects are notorious for delays and never being fulfilled, even in the best of times. Still, I'm confident that this will get done but I wonder what impact the current financial mess will have on this project. It may be minimal (hopefully) but it won't be a positive.

With the real estate value going down wouldn't that make the project less expensive?
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smittyrules31
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Repeat a lie frequently enough....
dragoneye,Nov 16 2008
04:19 PM
smittyrules31,Nov 17 2008
12:02 AM
Too much detail to get into here, but I think the credit crunch and economic landscape does not bode well here either.  Real estate crashing, businesses folding and banks refusing to lend (and especially shying away from large projects as this)...not good.  Throw in a few lawsuits that you know will inevitably arise and I think the whole financial underpinnings of this project are a bit shaky.  It's definitely not the same playing field as it was even 6-8 months ago.  Look at what is going on with Ratner and Atlantic Yards.  Massive real estate projects are notorious for delays and never being fulfilled, even in the best of times.  Still, I'm confident that this will get done but I wonder what impact the current financial mess will have on this project.  It may be minimal (hopefully) but it won't be a positive.

With the real estate value going down wouldn't that make the project less expensive?

No. I don't believe so.

It's not simply acquiring real estate (i.e., land). The real issue is can the project (i.e., building and all its associated costs) be adequately financed? Credit will be needed and that's where it becomes really sticky.

Issues of obtaining credit and banks willing to finance a large project as this become relevant, especially in light of the foreclosures and plummeting value of real estate (I may be wrong, but as the value of land decreases, it actually makes the "real" dollar value of a real estate project increase, because you have less equity)...consider that people with exceptional credit are having hard times securing loans. If the value of ones debt exceeds the value of what is being financed (in this case, the Lighthouse Project), lenders are going to be very, very cautious. What if businesses cannot occupy the commercial space? What if there is difficulty securing residential tenants? Given the crisis we are in, how could a bank/lender justify this amount of credit unless it was very securely financed. At some point, Wang will have to start repaying the costs of the project to whoever fronts him the intiial cash. If that money isn't there...well, not good news.
Authority without wisdom is like a heavy axe without an edge: fitter to bruise than polish.

Anger makes dull men witty, but it keeps them poor.

In the beginning, the Universe was created. This made a lot of people very angry and has been widely regarded as a bad move.
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Snowy
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Nassau County needs to have a fire lit under their ass to get this thing done. That fire needs to come from Bettman, Wang, Reckler, and Suozzi. The only possible way would be to start talk of moving the team.
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Shooter
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Snowman39,Nov 16 2008
01:09 PM
Nassau County needs to have a fire lit under their ass to get this thing done. That fire needs to come from Bettman, Wang, Reckler, and Suozzi. The only possible way would be to start talk of moving the team.

This is exactly what Wang wants. I remember the years when George Steinbrenner cried about how no one wanted to go to the Bronx so he talked about New Jersey move. Of course, it had nothing to do with his idiotic signings that led to a decade of decay in the win column...lol...all billionaires eventually get their way. It's why they became billionaires.
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Bexlyspeed
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how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar
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The Moose
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Bexlyspeed,Nov 16 2008
06:09 PM
how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar

Bettman won't move the team. He killed that idea once.

His mind has not changed.

Wang WILL NOT move this team, either.
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3POTI
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Bring back...PRIDE OF THE ISLAND
noone is safe. anyone can move. just ask gretzky. ryan smyth. nordiques. winnipeg jets, atlanta flames, etc.


also, the yanks got a new stadium, mets got one, nets are moving, if they can have a new place, so can the Islanders. Or whatever name they would be called when they move.

no more ranger islander rivalary...now its..devil ranger rivalry..ooh, how fun that will be.
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Live For The Moment!

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Islander4cups
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Bexlyspeed,Nov 16 2008
06:09 PM
how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar

Seattle is not an option for the NHL. The city just lost their nba team because the city voted down funding for a new arena. No way they move the Isles to another city with arena problems.
I miss these :cup: :cup: :cup: :cup: and want more of them
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3POTI
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Bring back...PRIDE OF THE ISLAND
Islander4cups,Nov 16 2008
07:43 PM
Bexlyspeed,Nov 16 2008
06:09 PM
how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar

Seattle is not an option for the NHL. The city just lost their nba team because the city voted down funding for a new arena. No way they move the Isles to another city with arena problems.

:doh: so thats what happen to the sonics...I was wondering who the heck the knicks were playing the other night. oklahoma city thunder? hmmm,oklahoma city Islanders?
Today Is A Great Day To Be An Islander Fan!
Live For The Moment!

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Tavarizard
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3POTI,Nov 16 2008
07:50 PM
Islander4cups,Nov 16 2008
07:43 PM
Bexlyspeed,Nov 16 2008
06:09 PM
how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar

Seattle is not an option for the NHL. The city just lost their nba team because the city voted down funding for a new arena. No way they move the Isles to another city with arena problems.

:doh: so thats what happen to the sonics...I was wondering who the heck the knicks were playing the other night. oklahoma city thunder? hmmm,oklahoma city Islanders?

Oklahoma State Oklahomians?
:dontknow:
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LEDZEP
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Thats Nice,Nov 16 2008
08:13 PM
3POTI,Nov 16 2008
07:50 PM
Islander4cups,Nov 16 2008
07:43 PM
Bexlyspeed,Nov 16 2008
06:09 PM
how much longer do you think Wang can afford to lose 20 mil a year? nobody in their right mind will buy the team and promise to keep them on the Island and bettman seems to be on board with relocating the franchise to a destination that he desires (seattle, Kansas City) people! if they do not a new building soon they will move, that is a reality. its not like they are a winning team, there is nothing keeping them here. if the nordiques can be moved while selling out every night so can the islanders, nobody gives a crap about history and tradition its all about the big fat dollar

Seattle is not an option for the NHL. The city just lost their nba team because the city voted down funding for a new arena. No way they move the Isles to another city with arena problems.

:doh: so thats what happen to the sonics...I was wondering who the heck the knicks were playing the other night. oklahoma city thunder? hmmm,oklahoma city Islanders?

Oklahoma State Oklahomians?
:dontknow:

em... :letssee: :dontknow:
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Snowy
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3POTI,Nov 16 2008
06:34 PM
noone is safe. anyone can move. just ask gretzky. ryan smyth. nordiques. winnipeg jets, atlanta flames, etc.

The Islanders have more history than the Nordiques, Jets, and Flames combined. Would not even be close to the same thing.
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Westfall18
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History matters not when the almighty dollar rules all.
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William H. McCue Sr. 1934-2015 Rest in Peace Poppa.
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Craving_the_Cup_Since_1992
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The Lighthouse project would be good for these economic times. It'll create jobs and help the companies that sell material. That is the kind of content that needs to be focused on by these idiots at newspapers and blogs.

According to a prior Botta entry on this subject, Wang has never used the moving threat to get the politicians to move quicker. I don't think the Islanders will move, never mind the dreams of Newsday's sports writers.
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THEDRIVE4FIVE
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I heard Vegas.


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ronski631
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stonedcold39,Nov 17 2008
11:09 AM
I heard Vegas.

i heard nassau county :punk:
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