UPDATE: It’s official! Including Mayor Bloomberg giving Charles Wang and Garth Snow Metrocards to attend the Isles eventual “Cup parade.” …Sssssure.

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There’s an announcement scheduled for 1 PM EST today that includes a telling group of people that pretty much tells the whole story. It looks like the Islanders are moving to Brooklyn.

Here’s what the New York Post is reporting:

Developer Bruce Ratner has scored a major goal by landing the Islanders ice hockey team for his Barclay’s arena in downtown Brooklyn, sources said.

The announcement was expected at a press conference this afternoon with Ratner, Mayor Bloomberg, Islanders owner Charles Wang, National Hockey League Commissioner Gary Bettman and Brooklyn Borough President Marty Markowitz.

Barclay’s is already the home field of the Nets basketball team and its CEO, Brett Yornark will be attending the press conference as well.

I’ll have a reaction post up on this shortly, but hint: I’m pretty happy about it.