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NASSAU COUNTY/LIGHTHOUSE JOINT STATEMENT

Nassau County Executive Edward Mangano and the Lighthouse Development Group have issued a joint statement regarding the Town of Hempstead's "vision" for the Lighthouse project.

Monday, 07.12.2010 / 11:18 AM ET / News
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NASSAU COUNTY\/LIGHTHOUSE JOINT STATEMENT
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.

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