Charles Wang talks about Lighthouse

 Islanders owner Charles Wang addressed the media in a team press conference today and cited no new developments with the Lighthouse Project. (Scroll to the bottom of this blog post to watch video.)

"We have a lease until 2015 and we're going to be here until 2015," Wang said. "We'll look at other options but right now our focus is on the hockey season."

Wang said there has "been no progress" between him and Town of Hempstead Supervisor Kate Murray and said he didn't think the  town's scaled-back modification of his plan was "economically viable."

According to Town Of Hempstead spokesperson Mike Deery, Kate Murray has an outstanding call to Wang to come and discuss the newest revision.

Although Wang said he'll be open-minded to other possibilities, he affirmed his commitment to Long Island. 

"I want to keep this professional team on Long Island," Wang said. "That's where we belong."

Despite the uncertainty over the team's future location and his mounting personal losses, Wang also said he is still open to investing in high-priced marquee players if the opportunity arises. Wang also recently shelled out $250,000 to revamp the Coliseum and install a new player's lounge.

"We've never said we wouldn't," Wang said. "We'll do everything we can to put the best product on the ice."

Islanders GM Garth Snow said Wang has always been receptive when presented with an opportunity to improve the team either via free agency or trade, but the antiquated Nassau Coliseum has put the team at a disadvantage when courting players.

"If you could stay at the Ritz-Carlton or the Motor Lodge for the same price, which would you choose," Snow joked. "It does have an effect."