Transformation of Nassau Coliseum begins

The transformation of the Nassau Coliseum began Thursday morning.



A groundbreaking ceremony was held at the venue, with developers and politicians taking sledgehammers to the old ticket office.



County Executive Ed Mangano promised a new and exciting future of entertainment at the new Coliseum entertainment complex.



The cost of the renewal is $260 million. It is set to reopen in the winter of 2016.



As News 12 reported, Nassau County signed a 25-year lease deal with developer Bruce Ratner to renovate the 43-year-old Coliseum.



However, not everyone was happy with the new development.



Uniondale jobs activist Dave Hanson gathered 3,000 signatures from minority community workers in and around the Coliseum. He's demanding jobs for minorities. "We want to make sure that everyone is benefitting from the Nassau Coliseum," says Hanson.



County Democrats are also concerned that the Ratner organization sold an 85 percent stake in the project to Russian billionaire Nikolai Prokhorov, who owns the Brooklyn Nets.



Mangano told News 12 that foreign investment is healthy for Long Island. He said Ratner will continue to manage the Coliseum and Nassau taxpayers will continue to own it.



"It doesn't change any obligations to our great county," said Mangano. "Bruce Ratner is contractually obligated to remain on for five years, so this project is going to move forward."



Mangano said the Ratner group has promised six Islanders games and at least one Nets basketball game at the Coliseum once construction is finished.



 


sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."