I said "could be," suggesting these are possibilities. Billionaire Jim Balsillie is as determined to bring an NHL team to Hamilton as the Toronto Maple Leafs are at blocking it. He is currently in talks with several teams, see this thread:
http://forum.skyscraperpage.com/showthread.php?t=152256
As for light rail, where have you been hiding? It's been one of the biggest municipal issues in Hamilton over the past six months.
Now drewmandan, seriously go to the Hamilton subforum if you want to argue about this stuff. You should probably also get more informed about Hamilton before you post things on here. There are already threads in the Hamilton section concerning LRT and the NHL. This thread is about the Connaught proposal.