Mangano: Coliseum deal worth the risk

Originally published: July 26, 2011 10:11 PM
Updated: July 26, 2011 10:26 PM
By ROBERT BRODSKY robert.brodsky@newsday.com

Photo credit: Newsday/Arnold Miller | Edward Mangano, Nassau County Executive, discusses Nassau's plans for the Colliseum Monday July 26th, 2011 at Newsday's offices. (Newsday/Arnold Miller)

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Nassau County Executive Edward Mangano says a plan to borrow up to $400 million for a new Nassau Coliseum is an economic development initiative that carries some risk, but the threat of allowing the arena to close when the Islanders' lease expires in 2015 is far more risky to Nassau's struggling economy.

In an interview with Newsday reporters and editors, Mangano said Long Island desperately...

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