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Details of Coliseum deal unveiled

Published: June 21, 2011 11:58 PM
By RANDI F. MARSHALL AND ROBERT BRODSKY.  randi.marshall@newsday.com., robert.brodsky@newsday.com

New York Islanders owner Charles Wang and Nassau

Photo credit: Howard Schnapp | New York Islanders owner Charles Wang and Nassau County Executive Edward Mangano after bill to allow residents to vote on the future of the Nassau Coliseum area was approved. (May 31, 2011)

Nassau County would receive 11.5 percent of all revenue from a new Nassau Coliseum -- or a minimum of $14 million a year -- under the agreement between County Executive Edward Mangano and the Islanders to be announced Wednesday.

The deal would give team owner Charles Wang a 30-year lease beginning in 2015 over the entire 77 acres surrounding the Coliseum, but would not grant him development...

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