The Islanders have won the rights to Twin Rinks in Eisenhower Park.
Long Island Business News reports that the Islanders, led by current majority owner Charles Wang, entered an $8 million bid that has beat out two other entities that were bidding for the facility.
A source with knowledge of the proceedings told Newsday that Wang’s $8 million bid was in upfront cash, while a competing bid from Syosset developer Ed Blumenfeld was for $9 million in installments.
Separate from the Twin Rinks acquisition, the Islanders have agreed to spend $5.1 million to build a new practice facility at Cantiague Park.