Forest City Ratner, which is owned by Barclays Center developer Bruce Ratner, is redeveloping the antiquated arena and the surrounding property. A town spokesman said that Nassau Events Center LLC -- an affiliate created by Forest City to oversee the project -- will submit a plan on Tuesday
Town supervisor Kate Murray said in a statement: "I look forward, along with my colleagues on the town board, to reviewing NEC's plan."(Newsday, Apr 14)
On Monday, Nassau County Legislators gave Ratner approval to receive $90 million in foreign financing for the project (Newsday, Apr 13).
The Coliseum project includes renovating, and downsizing, the coliseum to a 13,000 seat venue, restaurants and a movie theater. Construction is slated to begin once the Islanders relocate to the Barclays Center in Brooklyn.