Tag: SMG

Nassau County

Report: Islanders and Nassau County owe each other millions


The Islanders are already set to bolt out of Nassau County Coliseum in 2015 as it is, and that separation isn’t about to go quietly.

New York Newsday reports that the Islanders and their management company, SMG, owe the county millions of dollars in back utility bills and revenue that the team is supposed to share with them.

In the report, the Isles may owe the county over $600,000 in rent and over $2.4 million in electric bills. The team also apparently hasn’t paid the county their cut for parking fees and concessions. Being that kind of tenant in an apartment would get you evicted.

If that sounds bad for the Isles, the county apparently isn’t so clean either as they may owe the team money themselves.

The letter states that Nassau may owe the Islanders and SMG for repairs the team has made to the county-owned Nassau Coliseum , the Islanders’ arena in Uniondale . But the letter to Picker, written by the county’s acting director of the Division of Real Estate Services, Michael J. Kelly, says the debts outpace anything the county might owe by at least $2 million.

What a great situation this is. Basically both sides know their time together is coming to an end and it’s time to figure out best how to conduct the divorce. Like most separations, this one seems doomed to a future in court to figure things out. Either way, the Isles probably can’t wait to get to Brooklyn.