How can we reinvent Nassau Coliseum to become a vital economic engine for the 21st Century? It may be too early to say, but Nassau County is currently taking suggestions.
After several discussions on the potential future of the Nassau Veterans Memorial Coliseum with the Forest City Ratner team that designed the business model for the Barclays Center in Brooklyn, Nassau County Executive Edward Mangano has announced that he is seeking requests for proposals from throughout the real estate community that would reinvent the aging facility as a new and strong economic anchor for the Hub.
Mangano stated, “What the Ratner findings have documented is that a ‘right sized’ arena offering appropriate amenities would be a successful family oriented sports and entertainment venue that creates significant revenue for the county and its taxpayers. Its ability to compliment the surrounding development being planned by Renaissance Downtown would ensure that, together, the economic sum would be greater than its combined parts. We have the means of creating a win-win for every county resident, each of whom has a direct stake in the future of the Hub.”
Respondents need to be prepared to work closely with Renaissance Downtown, the designated “Master Developer” of the Hub and to abide by existing Town of Hempstead zoning for the Hub.