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Islanders Owner Charles Wang Discusses Proposed Arena On WFAN

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Charles Wang

New York Islanders owner Charles Wang gives a thumbs-up while listening to chants of “build it now” during a news conference at Veterans Memorial Coliseum in Uniondale, N.Y., Wednesday, May 11, 2011. (credit: Seth Wenig/AP)

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NEW YORK (CBSNewYork) – The fate of the long-term future of the Islanders will likely be decided on Monday. That’s when Nassau County residents will vote whether to support a $400 million bonding project to rebuild the Nassau Coliseum.

Owner Charles Wang has been trying to secure a new arena for his team to play for years.  He joined Mike Francesa on Tuesday to address the plan.

Listen: Charles Wang with Mike Francesa

The Islanders believe the proposal, which includes a new arena to be constructed at the Nassau Coliseum site as well as a minor league ballpark, will generate 4,500 jobs and $403 million in profit for tax relief for Nassau County residents.

If the plan is voted down many expect the Islanders to move.

Extra:  Capellini: Youth Of Nassau County, Save Islanders And Part Of Next Gen’s Future

Local democrat majority leader Jay Jacobs has been the biggest foe to the plan. He joined Francesa earlier in the afternoon.

Listen: Jay Jacobs with Mike Francesa

Early indications are that the vote is going to be very close.

Are you in favor of the new arena? Opposed? Leave a comment below.

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