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12:25 pm - Point Blank has learned that Tom Suozzi plans to announce the execution of a lease between Nassau County and Charles Wang and Scott Rechler for the Lighthouse Project in the coming week.


A press conference with the Nassau County Executive and the developers of the Nassau Veterans Memorial Coliseum property could take place as early as Tuesday. At the latest, it will be on Friday - the day before the Islanders open the 2009-10 season and the day before Wang's deadline for answers from the Town of Hempstead.


With approvals from state and county agencies - such as the Department of Transportation and Department of Public Works - and now an executed lease for the property from Nassau County, the fate of the Lighthouse Project (and the Islanders) would be completely in the hands of Hempstead Supervisor Kate Murray and the Town board.

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