Brooklyn developer Bruce Ratner is expected Tuesday to submit his master plan to the Town of Hempstead for redevelopment of the Nassau Coliseum, a town spokesman said.
Ratner's company, Forest City Ratner Companies, is heading the effort to renovate the Coliseum after the New York Islanders' lease expires this summer.
Forest City's affiliate, Nassau Events Center LLC, which was created to handle the arena, will officially submit the paperwork Tuesday, Hempstead spokesman Michael Deery said.StoryColiseum to get $90M in foreign money
"I look forward, along with my colleagues on the town board, to reviewing NEC's plan," Hempstead Town Supervisor Kate Murray said in a statement. The town board Tuesday is expected to authorize Hempstead to oversee the environmental review and approval process, Deery said.
Ratner's $260 million plan includes a 13,000-seat arena, restaurants and a movie theater. In a statement, Nassau County Executive Edward Mangano said the county was "one step closer" to turning the Coliseum area "into an economic generator that creates and retains new jobs along with a vibrant, attractive destination for Long Islanders and those visiting our region."