Written by Rich Forestano Tuesday, 20 November 2012 16:36
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.”
Last Updated (Monday, 29 November 1999 19:00) Saturday, 19 July 2014 00:00
No matter what, one thing is certain—there’s no better way to spend a sticky summer evening on Long Island than camped out at an exciting outdoor concert.
Dazzling a crowd at Memorial Park on Albert Street in New Hyde Park that just seemed to grow and grow as the evening went on, the talented foursome of Marty G and The G Men pumped out some of the most toe-tappin’ hits of the ‘50s, ‘60s, and ‘70s...plus a few original tunes for good measure, on Wednesday, July 9.
Last Updated (Monday, 29 November 1999 19:00) Friday, 18 July 2014 00:00
The New Hyde Park-Garden City Park School District miscalculated more than $8 million in expenses from 2008-13, creating illusory budget surpluses (about $6.3 million), according to a report by New York State Comptroller Thomas DiNapoli’s office.
The financial report said New Hyde Park transferred money to reserves and appropriated unexpended surplus funds to reduce the district’s tax levy. According to the comptroller’s office, more than $3 million of the district’s fund balance appropriated over the five-year period was not used.
“These practices gave the appearance that the district’s fund balance was within the legal limit when in effect it exceeded the limit each year,” the report stated. “We also found that the district routinely funded its retirement contribution reserve with operating surpluses at year end, instead of funding the reserve through the annual budget process, which would have been more transparent to taxpayers.”
Thursday, 17 July 2014 00:00
Students at Charles Water Karate & Fitness in Williston Park received belt promotions after completing a series of extensive exams.
From New Hyde Park: Jonah Khorrami to brown belt, Isabella Castelli to purple belt.
From Mineola: Alexandra Santos and Kayla Toal to, Kayla Toal yellow belt, Jason DeJesus to Yellow/White Belt.
From Williston Park: Mario Lombardo to red belt, Daniel Melore to blue belt, Grayson Lee to yellow/white belt.
From Garden City: Alexandra Delgais: to brown belt, Jake Delgais to yellow/white belt.
From Roslyn Heights: Suhani Jain to red belt.
From Uniondale: Isiah McClean to yellow/white belt.
Thursday, 17 July 2014 00:00
Town of North Hempstead Supervisor Judi Bosworth and the Town Board recognized the athletic achievements of three different teams who call North Hempstead their home at its recent. These teams reached incredible heights in their recent competitions, and they exemplify what hard work and perseverance can do.