Mangano, Lighthouse issue response to Hempstead plan

Here is a response to the Town of Hempstead’s new zoning proposal for the county-owned land around the Nassau Coliseum from Nassau  Executive Edward P. Mangano and developers Charles Wang and Scott Rechler,  whose competing proposal for the site is much larger.

Joint Statement from County Executive Edward P. Mangano and Lighthouse Development

"The effort between the New York Islanders and Nassau County to keep the Islanders where they belong started back in 2003. Given the financial position of the County, the Islanders developed a plan to fund the transformation of the Coliseum.

"This plan, which came to be known as the Lighthouse, included additional development necessary to fund the construction and other expense of a new home for the Islanders.

"While we have not yet had the time to review the “new vision” just released by Supervisor Murray and the Town of Hempstead for the redevelopment of the Coliseum site, it does not appear to achieve the goals of the County and the developer.

"Without this, the Town of Hempstead’s “new vision” looks to be economically unviable for both the developer and owner of the site."