MINEOLA - Several proposals for developing the Nassau Coliseum and the surrounding 77 acres were put forward during a public hearing today in Mineola.

New York Islanders owner Charles Wang says his team needs a new arena before its lease expires in 2015, but last year, voters rejected a $400 million bond act to renovate the 40-year-old Nassau Coliseum.

Chief Deputy County Executive Rob Walker says a new vision for the Nassau Coliseum and the property it sits on needs to be made by the end of this year. Walker says, however, the county won't be raising taxes to pay for the redevelopment.

"County taxpayers have spoken," he says. "There will not be county dollars spent on the Coliseum. It's going to be private developers."

According to Walker, several top Long Island real estate executives say they're interested in developing the property surrounding the Coliseum. He also says another option under consideration is building a 100,000-square foot sports and exhibition center.

County officials say they're applying for state funding to revamp the Hub. More public hearings will be held on the development project in the future.

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