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Ratner, Wang Tapped To Help County Solve Coliseum Conundrum

Renaissance Downtown chosen as master developer

The owner who decided to move the New York Islanders off Long Island once its lease expires in June 2015 may play a role in filling the potential void left by the teams’ departure. County Executive Edward P. Mangano, developer Bruce Ratner, Isles owner Charles Wang and Don Monti of Renaissance Downtown think they have a plan in place to solve the developmental conundrum that is the Hub, which includes Nassau Coliseum.

The group announced a strategic “Reuse Plan” on Tuesday, Nov. 20 that reportedly will transform the Coliseum within the first half of 2013. Others have tried and failed where Ratner is venturing and the 77-acre site in Uniondale could become barren in three years once Wang departs for Brooklyn’s Barclays Center.

The study will ultimately determine the cost of the yet-to-be-known plan, according to Mangano. His main concern is a 40-year-old, 18,000-seat empty building.

“This is a process to avoid a darkened Coliseum,” Mangano said. “With the news of the Islanders choosing to go to Barclays, that creates the possibility of a darkened Coliseum. That’s something I don’t want to see and that’s why we’re going down this path today.”

Ratner, for free, will advise the county on how to proceed to make the Coliseum economically viable to compete for concerts, sports venues and big-ticket events. Monti, founder of the Plainview-based real estate firm was named the master developer for the rest of the Hub site.

It is unclear what cost will be incurred to county taxpayers. Any public monies needed for the project would need to be approved by the county legislature.

 “You have my personal commitment that we will hit the ground running,” Monti said. “I recognize that [Renaissance’s] selection represents a vote of confidence and I can assure that we will not take that responsibility lightly.”

Monti will work with RXR Realty, a firm that aligned with Wang to propose the failed $3.8 billion Lighthouse Project. Where Wang fits into the picture is unknown. He signed a 25-year lease with Ratner after announcing the Islanders would be moving to Brooklyn for the 2015-16 NHL season.

“When you’re dealt lemons, you make lemonade,” Mangano stated. “Here in this case, Charles [Wang] has made a decision to go to [the] Barclays. We continue to talk and maintain a relationship and this [plan] has come out of that.”

Mangano would not directly address any rumored animosity that Wang and he might have had for one another. The county executive would not reveal how he and Ratner met or where the idea originated.

“[Ratner] is a good corporate citizen and we’re thrilled to have him on the team to reinvent Nassau Coliseum,” said Mangano.

Wang was present, but declined to comment during the press conference. Mangano called the Marriot Hotel owner a “key stakeholder” and that “he cares about Long Island.” The hotel is adjacent to the arena, a space in which Wang has total control.

“We need to get something done with the Coliseum and there is no better person than Bruce to entrust for this project,” said Wang in a statement. “Bruce is a passionate individual with a proven track record.  Once we have his road map, we must work together to bring this to fruition.  There are too many jobs at stake and this is too important for Nassau County.”

Ratner successfully secured the New Jersey Nets and Islanders relocation to the Atlantic Avenue arena. While jokingly saying the Coliseum needed “spiffing up,” he affirmed it’s in need of a makeover.

“I’m hear to talk about the reuse of the Coliseum and our ability to put together a plan that we think will make a lot of sense and will work,” Ratner said. “In Brooklyn, we were able to put together a program and an arena that everybody feels is incredibly positive and helpful and our goal is to put together something here, which everybody will be proud of.”

News

Movie lovers once again have a chance to see first-run films in the theater without having to travel far. Glen Cove Cinemas re-opened last week, with a ribbon-cutting ceremony and free films offered to celebrate the occasion. 

 

“Thanks to all of the support we have here and all of you, Glen Cove is once again open for business,” said Mayor Reginald Spinello at the ceremony, held outside the theater on Thursday, April 10. “We were scheduled to open last week, and there were a few things that weren’t ready...I got a call from the theater operator, Jay Levinson, and he told me that unfortunately, that day Spiderman had the flu,” he joked. “But, Spiderman is well and Glen Cove is well, and we are coming back strong. This is just the beginning. This is going to be so good for Glen Cove and the surrounding communities.”

The Glen Cove Board of Education passed the Alternative Veterans’ Exemption for taxes following last week’s public hearing at Robert M. Finley Middle School, to the appreciation of the veterans in attendance.

 

Several dozen vets arrived promptly at 6 p.m. at the middle school to express their support for the tax exemption. Many noted that they get tax breaks from the city and county, but are still left with the ever-growing school tax bill.

 

“We’re having a hard time with our taxes, especially the school tax,” said the first veteran to speak.


Sports

 

Glen Cove High School players, from left, Tajah Garner, Dejon Taylor, Manny Sican, and Ralik Jackson, after the Long Island Colts u18’s team vs. St. Anthony’s at Robert Finley Middle School last week. Touchdown ‘tries’ by Garner, Taylor and Sican.


The third- and fourth-grade Knights took to the road last weekend as they faced off against Jericho early Sunday morning, April 6.  Jericho’s teamwork and hustle brought down the Knights by a final score of 5 – 0.  The early game may have been a factor as the boys started to play better and more like a team as the game went on.  Once again, goalie Tyler Shea played outstanding in goal and was relieved by Christian Maiorano, who did just as well in the second half.  Andrew Guster played solid defense in the loss.


Calendar

Eggstravaganza - April 16

Live Music - April 16

Community Easter Egg Hunt - April 19


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