More Big News from Nassau

Wang Has Purchased the 77-Acres of Land Outside of the Coliseum

(The Sports Exchange) Moving closer to his goal of building a new arena for the New York Islanders, team owner Charles Wang has reached an agreement with Nassau County Executive Edward Mangano on a deal that could give Wang control of a 77-acre parcel of county-owned land surrounding Nassau Coliseum, NEWSDAY reported, citing sources.Two members of the Hub Advisory Committee, which was tasked by Mangano to “offer options for the project,” said Wang would get the site “exclusively for a new hockey arena and surface parking and no other development.” The committee added that terms of the deal “might still change because of objections to its lack of mixed-use,” though sources said that mixed-use development may be possible in the future. In exchange for use of the land, Wang would pay a percentage of Coliseum revenue to Nassau County, as well as a minimum annual payment.

Once again, huge news for the Islanders. This shows how Wang is doing everything he can to develop this new arena. Wang and Mangano have already said they are going to build an entertainment complex that would include the new Islanders arena, a new Minor League ballpark, and many new restaurants. This is the first step to begin this process. Now with Wang owning the enormous land around the Coliseum, it will be hard to have any setbacks. Plus, this is also showing us the confidence Wang has in the project of keeping the Islanders in Uniondale. Overall, just another great day for Islanders fans. Let’s hope August 1st can make this the best Isles summer since 1983.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: