Tactic or tragedy? Report claims Isles arena project abandoned

Breaking news out of Long Island. Citing a source, the Long Island Press is reporting that New York Islanders owner Charles Wang has decided to walk away from the Lighthouse Project, the development that would overhaul Nassau Coliseum and the area surrounding it.The Press also reports that some of Wang's employees are already being moved off their efforts on the Lighthouse Project: The source has also indicated that reorganization has already begun within Wang’s company, reassigning some top-level executives who have been key members of the Lighthouse initiative to work on other unrelated projects. One source says it would not be surprising, given Wang’s self-imposed deadline of Oct. 3 to have an approval from Hempstead Town Supervisor Kate Murray and the Town Board before he would put an end to the project.Chris Botta of Fanhouse and Islanders Point Blank, who has been all over Lighthouse Project developments over the past year, attempted to get in contact with thre...