UNIONDALE, N.Y. (CBSNewYork) — The construction of the New York Islanders‘ new home at Belmont Park has resumed and now it appears their former home is set to turn off the lights.
Onexim Sports and Entertainment company, owned by former Brooklyn Nets owner Mikhail Prokhorov, announced Tuesday it will “shutter the venue indefinitely.”
The company, which operates the arena through a lease with Nassau County, is reportedly seeking investors to take over the operations of the arena and pick up the remaining debt. CBS2’s Carolyn Gusoff reported the company has expressed willingness to turn over the lease in exchange for investors assuming approximately $100 million in loans on the property.