The Islanders are likely to receive an official lease from Empire State Development for the Belmont property in Spring 2019 following an environmental review process, per Newsday's Jim Baumbach.
The environmental review could take about "12 to 16 months" as it starts this March. In the meantime, the Islanders and Barclays Center are currently discussing interim arena plans considering the arena won't be ready until the 2020-21 season at the earliest. They are set to play at Barclays Center next season, after which their home is up in the air.
The NHL has noted they are open to a Nassau Coliseum reunion for the Islanders if need be. Deputy Commissioner Bill Daly told The Post it would be up to the Islanders if that move back to the Coliseum happens.
"That's more a decision for the Islanders than it is for us," Daly said. "But, given the alternatives while the new arena is being built, I would think the Coliseum option is certainly worthy of strong consideration."
The Islanders have stated they won't return to the Coliseum, but that was in reference to a permanent stay. If they needed to return for one year, it could be an option still on the table. It received a $165 million renovation recently, but it didn't address the few suites and limited corridor space issues.