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Coliseum Revamp Approved Unanimously by Lawmakers

Coliseum Revamp Approved Unanimously by Lawmakers

Mineola (WALK) - It's the end of a decade of Long Island "no's."

That's what Nassau County Executive Ed Mangano said yesterday after the Nassau Legislature unanimously approved the $229-million plan to downsize and renovate the Nassau Coliseum and create a giant entertainment complex surrounding it, including an ice rink, movie theater, shops, restaurants and more.

Developer Bruce Ratner still needs to line up financing and get paperwork in order, including zoning approvals and building permits, and a lease with the county would take effect on August 1, 2015. Once all that happens, construction could begin in August of 2015, with completion around the end of 2016.

The lease would allow both Ratner and the county to terminate the agreement if Ratner's company, Forest City Ratner, is unable to gain financing, zoning approvals, labor agreements or a minor league hockey team tenant within 2 years.

Ratner's plan was chosen by Mangano, among several bids that were submitted. Ratner developed and operates Brooklyn's Barclays Center, where the Islanders will be moving after the 2014-15 season. Under Ratner's Nassau Coliseum plan, the Islanders would still play six games a season at the Coliseum, after they move.

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