Latest Update (April 12)
8:00PM: The operators of Barclays Center are attempting to get the Islanders to return to Nassau Coliseum, according to a Newsday report.
The offer to move the Islanders back to their former home would include adding seats to the building.
"Over the last two months, I have met with Brooklyn Sports & Entertainment, Islanders owners, I've met with the county and the state," said Kevin Law, the president and chief executive of the Long Island Association. "What I just learned very recently is that BSE will be offering a plan to the Islanders to move them back to the Coliseum."
9:35AM: While nothing is official yet on the Islanders' arena situation, the team is trending towards making their new home at Belmont Park, according to Bob McKenzie of TSN.
Previous Reports and Reaction (Feb. 24)
2:03PM: Knicks owner James Dolan, the owners of the Mets, and others are interested in investing in a potential new arena for the Islanders just outside Queens, according to Scott Soshnick of Bloomberg.
The new arena would be near the Belmont site in Elmont, New York.
Soshnick notes that NHL rules allow the owner of one team to have a stake in another club's arena.
Recent reports have suggested Barclays Center is not interested in having the Islanders as tenants after their lease expires in 2019.
Feb 24: I know there are a lot of cynics who have thoughts about the Islanders ever getting their own building again, but I think there's reason to be optimistic here. I had heard similar rumblings a month or so back that are contained in this report, but couldn't quite pin it down. So now that I see what Scott Soshnick has been able to run down, it makes me think there's a lot to this.
All the key players are involved, including the governor, which means we have to take this seriously. And with the Brooklyn situation looking less and less like a negotiation ploy and more like the actual waning days of the Islanders playing their home games in Barclays Center, the fact is that a solution has to be found and in a hurry. This could very well be what we've all been waiting for.
Now, of course, things can change, and something probably will between now and whenever a shovel is in the ground. There are certainly hurdles -- both ones we can foresee now and the unexpected. But if I were a betting man, I'd say that this is the project and the timing that the Isles should push all their chips to the middle of the table on. Keep your eye on this...