Press release: Nassau Coliseum management says arena opening reflects "strategic mission" for Nassau Live, RXR, and County Administration

A Nassau County press release 3/2/21, published on LongIsland.com as Curran, Islanders, and Coliseum Announce Reopening To Fans, seems to be the full version of the one in Patch 2/24/21 (which I previously cited):

Nassau County Executive Laura Curran, the New York Islanders organization, and Nassau Coliseum management today announced the building’s reopening to Islanders season ticket members starting on March 18th, as permitted by state guidelines. Attendance will be limited to 10% of capacity, and all required safety protocols will be followed.

On March 11th, 1,000 Northwell Health frontline staff will be guests of the Islanders, to thank them for their heroic efforts this past year. Season ticket members will have priority for all Islanders home games this season. For information about season tickets, fans can call 888-NY-ISLES. County Executive Curran and the Islanders organization thank Nassau Live Center at the Nassau Veterans Memorial Coliseum management and the many others working hard so that Islanders fans can attend games in the last season at the Coliseum.

“I’m thrilled that Islanders fans will be able to rock the Barn next month. This is a big step towards our safe return to normal, and the reopening of the Coliseum means so much for Nassau. We know virus risk is dramatically reduced with precautions in place and rules being followed. I’m confident that we’re ready to do this safely and smoothly, and hope we can soon further increase the number of fans in the stands,” said Nassau County Executive Laura Curran.

“We are delighted that the lights are coming back on at the Coliseum for New York Islanders’ fans. We look forward to working closely with Islanders management to achieve our shared goal of providing a safe and healthy environment that allows Islanders’ fans to cheer their team onto victory. This milestone also reflects the beginning of returning the Coliseum to the role of economic generator for the county – a strategic mission for Nassau Live, RXR and the Curran Administration,” said Nick Mastroianni II, Nassau Live Center LLC.

Earlier this month, Governor Andrew M. Cuomo announced that, building off of the successful Buffalo Bills pilot program, sports and entertainment events in major stadiums and arenas with a capacity of 10,000 or more people can re-open with limited spectators. More information available here.

(Emphases added)

Note that Nassau Live Center, headed by Mastroianni, is indeed the Nassau Coliseum management, though it's not explicit from the press release. Also not explicit, as indicated in excerpts I published from Nassau Legislature discussions, is whether Mastroianni is the lender, or the borrower.

The answer is: he's the borrower, but he started simply as the middleman, orchestrating the loan from immigrant investors under the EB-5 program, and he somehow accomplished a switcheroo, gaining control over the lease--with no stated outlay of cash--to both the Coliseum and the related Hub project, even as he took steps to diminish the borrower's obligations, encouraging the investors to switch their money to another project in Manhattan.

That "strategic mission" involves fees for another Mastroianni entity, as Manager of the lender, as well as fees for another Mastroianni entity, managing the loan to the project in Manhattan.

It's quite a story. And nobody cares, because, well, "Islanders fans will be able to rock the Barn" soon.