SMG owes the county money dating back to 2011, according to an audit conducted by comptroller George Maragos. He wants the county to file suit to collect the money.
"The county has every intention to collect the dollars owed and has been actively pursuing a resolution to make the county whole," said County Attorney Carnell Foskey. (Newsday, May 19)
The Pennsylvania-based venue management company said they are working to settle the "unpaid bills," but SMG insists they do not owe additional ticket tax revenue.
The report comes as the Town of Hempstead held a hearing on Monday regarding the master plan for the renovation of the Nassau Coliseum. The hearing lasted two hours and the town board unanimously agreed to vote on the plan at a future date. (Newsday, May 20)
The vote could happen at "next week's meeting, it could be at the meeting in June, it could be at any future meeting," said town spokeswoman Susie Pokalsky.
Forest City Ratner, the development firm that built the Barclays Center, plans to turn Nassau Coliseum into 13,000 seat modern facility along with an entertainment district and retail space. Rather plans on beginning construction in August.