Construction of an 11-acre retail and entertainment complex next to the Nassau Coliseum is on hold as Nassau County Executive Edward Mangano and arena developers consider a new plan for the site that could include housing.So the arena, which opens in April after renovation, will not have any new retail or entertainment for at least a year.
Mangano said Nassau began examining housing after the Empire State Development Corp. approved an $85 million grant in October for construction of two parking garages on the Nassau Hub site. The garages would have 3,400 spots and free up 19 acres of blacktop, originally designated for surface parking, to be used for housing.
And Mangano gave Nassau Events Center, which was formed by Forest City Ratner but now controlled by Russian billionaire Mikhail Prokhorov's Onexim Sports & Entertainment, more time to build the planned "188,000-square-foot plaza with restaurants, a 10-screen movie theater, a 2,500-seat indoor theater, outdoor amphitheater, skating rink and retail space."
The lease requires at least $400,000 a year to be paid to the county from those new project, but until then, only $60,000 a year is required. Newsday notes that there was no mandatory start date for the retail plaza