REPORT — Isles, County, Owe Each Other Money
Kevin Schultz , Islanders Point Blank:
A report in Newsday released late last night details a possible squabble over money between the Islanders and County. The report states that the Islanders owe the County millions in back utility bills and revenue that the Islanders are required to share with the County, as the County receives a percentage of concessions, parking and advertising.
What’s not stated so clear and plainly in the title of the Newsday report (titled:”County says Islanders/SMG owe millions”) is that the County may also owe the Islanders money:
Legis. David Denenberg (D- Merrick ) said that even beyond the repairs requiring reimbursement, the county may not have met its obligations under the lease, either, because some maintenance and repairs the county is responsible for have not been done at all.
So, the cap-floor Islanders are allegedly withholding some money they owe the County and the County, which is broke, may owe the Islanders money for repairs the team has done on the Coliseum.
But this all could be a moot point and totally pointless exercise because, unlike in the past, the County and team may be on good terms.