Mineola (WALK) - The Nassau Coliseum is one step closer to getting its long-awaited facelift.
A developer's proposal to renovate the Coliseum, and develop the Nassau hub area surrounding it, was unanimously approved by several key committees of the Nassau Legislature yesterday. A vote before the full Legislature has been scheduled for September 23rd.
The plan will also have to be approved by NIFA, the state agency that has financial oversight of the county.
The $229 million project was put together by Forest City Ratner, the company that also built and operates Brooklyn's Barclays Center and is run by developer Bruce Ratner. It includes a renovated 13,000 seat Nassau Coliseum, along with a movie theater, ice rink, bowling alley, outdoor amphitheatre, retail shops and several restaurants. The price tag will be entirely footed by private investors.
The proposal okayed in committee yesterday calls for a 49-year lease with the Ratner company. It also includes a plan for the Islanders to play several home games each year in the new arena, but the Islanders have already signed a lease to move full-time to the Barclays Center after the 2015 season.
Several bids were submitted for the Coliseum redevelopment project. The Ratner plan was selected earlier this summer.