NEW YORK (CBSNewYork) — A group reportedly interested in investing in a new arena for the New York Islanders includes one very surprising name: Rangers owner James Dolan.
According to a Bloomberg report, the proposal for an arena near Belmont Park is a joint venture between the Islanders, Oak View Group and Sterling Project Development. Dolan’s Madison Square Garden Co. is an investor in Oak View, a private equity firm.
Sterling Project Development is controlled by the Wilpon family, which also owns the Mets.
NHL rules allow the owner of one franchise to own a stake in another team’s arena, Bloomberg reported.