The New York Islanders are one step closer to getting a long-awaited new arena. Nassau County Executive Edward P. Mangano and Islanders owner Charles Wang announced a lease agreement that would keep the NHL team on Long Island if voters approve the replacement of the aging Nassau Coliseum in an Aug. 1 vote. Construction costs for the arena are estimated at $350 million. The agreement announced Wednesday guarantees county taxpayers 11.5 percent of dollars generated at the new arena from all events, not just hockey-related ones. Read more: http://sports.espn.go.com/new-york/nhl/news/story?id=6694435
