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.

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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.

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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.

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