MINEOLA, N.Y. (AP) — A $229 million proposal to renovate a suburban New York sports arena has received the support of Nassau County lawmakers.
The county legislature voted unanimously 19-0 to support the plan. The deal still requires the approval of a state financial watchdog.
County Executive Edward Mangano announced last month that he had selected a group headed by Bruce Ratner, executive chairman of Forest City Ratner Companies, to renovate the 41-year-old Nassau Coliseum. Ratner built the Barclays Center in Brooklyn.
Newsday (http://bit.ly/18SFnX7 ) reports Ratner's plans include a 13,000 seat arena and an adjacent plaza with shopping, restaurants and amenities.
He will pay $4.4 million annually in rent. That figure rises 10 percent every five years.
The New York Islanders recently announced they will leave the coliseum for Brooklyn after the 2015 season.
Information from: Newsday, http://www.newsday.com