The Belmont Arena: If Your Construction Lasts More Than 2 Years, Call a Doctor

[MJF]

Belmont may have killed the Coliseum before it even opens. There’s a reason it wasn’t included in the sale of Barclays, and I can’t imagine anyone is looking to inherit $100m in debt with Belmont opening within a year.

Joe Tsai didn't want the Coliseum as a component in the purchase of the Nets and Barclays Center because he knew it would be a money pit. The Coliseum went on life support the day Belmont was announced.

What a waste of money the county saddled their taxpayers with.

 

[MJF]

So we're going back to Brooklyn or are the plans to shutter for anything non-Islanders related?

Nassau County is still the owner of the Coliseum. They can operate it themselves, they can help find someone to buy out Prokhorov (good luck with that). Or like @Tater Trotz said, maybe Nassau County can find a temporary subcontractor.

Again, I hope Nassau County got their money up front from Prokhorov, but somehow I doubt that.

 

[lorwood]

Nassau County is still the owner of the Coliseum. They can operate it themselves, they can help find someone to buy out Prokhorov (good luck with that). Or like @Tater Trotz said, maybe Nassau County can find a temporary subcontractor.

Again, I hope Nassau County got their money up front from Prokhorov, but somehow I doubt that.

Seems to me the Isles may have the upper hand. They can offer to play the last season at the Coli but it's going to cost the county. County may have no choice as a shuttered Coli would be hard to explain.

 

[The Lighthouse]

As always, Baumbach needless speculation. Islanders could play in Brooklyn next year only if this entire shitshow isn't at least temporarily settled by the time this becomes relevant.

His "expect games to be played in Brooklyn next year" is unfounded right now and unnecessary.

 

[DarkHorse2]

Joe Tsai didn't want the Coliseum as a component in the purchase of the Nets and Barclays Center because he knew it would be a money pit. The Coliseum went on life support the day Belmont was announced.

What a waste of money the county saddled their taxpayers with.

All the articles say that the renovations were privately financed, and the county gets a cut of the take, with guaranteed minimums. I don't know if the venue operators get out from under that by shuttering it.

 

[Lame Lambert]

Nassau County is still the owner of the Coliseum. They can operate it themselves, they can help find someone to buy out Prokhorov (good luck with that). Or like @Tater Trotz said, maybe Nassau County can find a temporary subcontractor.

Again, I hope Nassau County got their money up front from Prokhorov, but somehow I doubt that.

According to the Newsday article they get paid annually lol

 

[nyscene]

All the articles say that the renovations were privately financed, and the county gets a cut of the take, with guaranteed minimums. I don't know if the venue operators get out from under that by shuttering it.

I’m pretty sure the county guaranteed the financing. So they’re on the hook if Onexim bails.

 

[MJF]

According to the Newsday article they get paid annually lol

Of course they do

 

[MJF]

As always, Baumbach needless speculation. Islanders could play in Brooklyn next year only if this entire shitshow isn't at least temporarily settled by the time this becomes relevant.

His "expect games to be played in Brooklyn next year" is unfounded right now and unnecessary.

I'm sure Brooklyn would be the first option if the season were to be starting tomorrow.

Fortunately, next season will likely not start until December or January, so there is still time to smooth out another option, including playing at the Coliseum.

 

[The Lighthouse]

I'm sure Brooklyn would be the first option if the season were to be starting tomorrow.

Fortunately, next season will likely not start until December or January, so there is still time to smooth out another option, including playing at the Coliseum.

County is not going to let the Coliseum sit there for too long, I'd think. Just wonder what their approach is going to be.

 

[Mr Misunderstood]

Umm are we homeless again?

 

[Bood12]

Coliseum is f***ed once Belmont is open, but I am guessing they are going to find some way to draw revenue from it until than, if there is hockey next year and it is none of this neutral ice thing I will bet anything they are playing it at Nassau

 

[MJF]

County is not going to let the Coliseum sit there for too long, I'd think. Just wonder what their approach is going to be.

They should approach it with a wrecking ball.

 

[The Lighthouse]

They should approach it with a wrecking ball.

I think after next year things will be moving that way pretty quickly. Maybe they'll be looking at a temporary operator for 1-2 years and then clear the land.

 

[Mr Misunderstood]

They should approach it with a wrecking ball.

Have a monster truck rally and allow them to drive in the stands, concourses, etc.

 

[Lame Lambert]

@PK Cronin happy you went to the original “last game” now?

 

[MJF]

At least social distancing won't be a problem at Barclays Center. Nobody goes there to watch the Islanders.

 

[MJF]

I think after next year things will be moving that way pretty quickly. Maybe they'll be looking at a temporary operator for 1-2 years and then clear the land.

The land has more value than the Coliseum does on it.

 

[Lame Lambert]

The land has more value than the Coliseum does on it.

The land doesn’t have any value when a bunch of corrupt hacks won’t let you do anything with it

 

[The Lighthouse]

I'm still not buying those Tweets that this is "the end" of the Coliseum yet. This development just happened today. There's still time to get a temporary operator if need be.

 

[Lame Lambert]

I'm still not buying those Tweets that this is "the end" of the Coliseum yet. This development just happened today. There's still time to get a temporary operator if need be.

It’ll be interesting to see how this all unfolds. If the Islanders are granted a lease from the county, Prokhorov will still be on the hook for 100m, but the Islanders won’t have access to any of his remaining staff. They’d have to hire and pay all new event staff while most likely losing money for every game.

 

[The Lighthouse]

It’ll be interesting to see how this all unfolds. If the Islanders are granted a lease from the county, Prokhorov will still be on the hook for 100m, but the Islanders won’t have access to any of his remaining staff. They’d have to hire and pay all new event staff while most likely losing money for every game.

Yeah they're not in the business of being arena operators yet. They'll most likely be a voice in the selection process or discussions regarding who would take over arena management on a temporary basis.

 

[doublechili]

If they raze the NVMC, they should definitely do a farm incubator on the site. TOH would be happy because that would be bucolic.

 

[The Lighthouse]

Thoughts on the next arena to declare it needs funding/help from municipalities? This is probably just the first of more to come.

 

[IslesCLT]

Screw it. Just play at Newbridge next season and be done with it.