Earlier this week, a group of developers and business leaders unveiled a $346 million plan to rebuild the Nassau Coliseum and develop the 77 acres surrounding it.
The latest pitch came less than two months after county voters widely rejected a proposal to use $400 million in taxpayer money to back a new arena, which the team said it needs to remain viable in the area.
Meanwhile in not-so-distant New Jersey, a new building has not helped their National Hockey League team make ends meet.
According to a New York Post report, the team's co-owners has paid to unload his share of the team.
From the Post:
The strange deal highlights both the shaky financial condition of the Newark-based team and the caustic relationship between the two owners.
As the deal is structured, Chambers, who has been looking to exit the mostly money-losing franchise for about a year, appears to feel the equity in the NHL team is worthless.
The Devils are about $180 million in debt.
