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Saturday, July 4, 2015
Three cheers for the new Nassau Hub!

Finally, we have made progress and are closer to ending the nearly two-decade-long debate on the outdated Nassau Coliseum.

Last Thursday, County Executive Ed Mangano, accompanied by fellow lawmakers and community business leaders, announced the selection of Forest City Ratner to redevelop the Coliseum. This deal will transform the 77-acre property, known to many Islanders as the Hub, into a sports and entertainment mecca.

Nassau County was fortunate enough to have two great organizations bidding to redevelop the area. Both Forest City Ratner and Madison Square Garden are first-class organizations, and with either proposal, county taxpayers would have been winners.

Forest City Ratner plans to build a 13,000-seat arena with the ability to reduce it to 4,000 seats as needed. The redevelopment will cost approximately $229 million, financed entirely by Forest City Ratner’s Nassau Events Center.

There are already plans for the redeveloped site to host six regular- and preseason Islanders games, a Brooklyn Nets preseason game and a minor league American Hockey League team, along with lacrosse, arena football, college basketball and professional boxing events. There will also be an entertainment facility on the grounds that will feature a 2,000-seat theater, a 2,500-seat amphitheater that can be converted to an ice skating rink in the winter and six restaurants, a bowling alley or movie theater and about 50,000 square feet of retail space.

It’s estimated that the redevelopment plan will generate $10.9 billion in economic activity over 30 years, including 1,331 construction jobs and 2,500 full-time, part-time and seasonal positions.

Mangano should be commended for his perseverance and strong efforts throughout this process. It was just two years ago that Nassau County voters rejected a $400 million public borrowing plan. Mangano continued to push to ensure that the Hub would be redeveloped in order to boost economic activity in the county.

At last Thursday’s press conference, he said, “This plan gives us a clear path to success, and I hope everyone will get on board.”

I second that motion.

Comments

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gazaroog

So we should celebrate the Islanders being pushed from its home to the City?

Thanks to you, Mr. Mondello and Kate Murray, we could have had a project that was privately financed, with a brand new arena and KEPT the Islanders here and Murray under your tutiledge decided to knock it out!!

Thanks Al! Shame on you.

Wednesday, August 21, 2013 | Report this
pworam

Dead on the money, gazaroog. Thanks to obvious political chicanery, we've lost our only major sports franchise. And we're supposed to stand up and cheer? Please, pass me the voting lever...

Thursday, August 22, 2013 | Report this
RonnieG

Sorry, D'Amato, but I don't see this as a win, win situation. There is a reason the Nassau Coliseum didn't make it. Because the price for tickets is too high for an average family to enjoy either a hockey game or a theatre event. Tag on parking, food and drink and you've gone into triple digits. In this economy, people don't have that type of discretional cash to throw around. I highly doubt that the developer did this out of sheer desire to regentrify a flailing, decrepit neighborhood and arena. If you believe they're getting nothing out of it (both developer and Mangano, you're living with rose colored glasses on. I've never heard of one politician who doesn't do something for their own enrichment, whether it be financial or electively speaking. Our team is gone, and you expect us to be thrilled that an over-priced arcade is coming to town. I don't think so. More traffic jams, no benefit. Sorry, if I seem shortsighted, but we've been burned by the powers that be more than once to know a albatross when we see one. Good luck to the developer. Maybe he knows something we don't.

And on another note, you mention Holder has reduced sentences for first time offenders or lesser sentences for possessin of marijuana - I have one question.....when is he [Holder] going to jail for his high crimes and misdemeanors?

Thursday, August 22, 2013 | Report this
hpfour

Where was all of that bipartisan support for the last 10 years? Seems awfully convenient to ask for it now. And I'm sorry, but nothing is ever free, in the end, if this whole plan is successful, it Ratner& Co will end up making a ton more than the county and its tax payers. It'll be interesting to compare how taxes either increased or decreased over the next 10-15 years compared to what the taxes would have been with that "evil 400 million dollar" bond that would have gave true revenue sharing to the county, nevermind the Island's only pro sports team. Keep slapping mangano and murray on the back.

Thursday, August 22, 2013 | Report this
ktillem

Congrats - Finally something got done. I some how doubt it wont cost us Nassau citizens any money, it always does. Like the infrastructure that needs to be modified? The traffic is bad now and unless better roads, exits and entrances are made it will be a disaster. How about improved mass transit? Opps. Hold onto your wallets for the bail out on the unexpected cost over runs they will ask for us to pay. Its the same song.

Sunday, August 25, 2013 | Report this
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