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  1. #1
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    Mangano tries again to get Hub developer

    Mangano tries again to get Hub developer

    In another attempt to keep the Islanders, Nassau County Executive Edward Mangano is seeking a developer to coordinate the construction of a new or renovated arena, along with housing and retail, on the land around Nassau Coliseum.

    But team officials did not return calls for comment, and it remains unclear whether they support Mangano's latest plan. Islanders owner Charles Wang has said his team will not stay in the current arena past 2015, when his lease expires, and that he is evaluating other possible locations.

    To jump-start the new arena effort, Nassau County is expected Monday to release a Request for Qualifications seeking a "master developer" for the Nassau Hub property. The winning developer would be required to "immediately begin negotiations" with the Islanders and the arena's management, Pennsylvania-based SMG, the RFQ is expected to say.

    The goal, Mangano said, is to make up the difference between what Wang is willing to pay as the Coliseum's tenant and the total price tag of a new or renovated arena. The plan does not detail how much Wang would contribute. No county money is involved, Mangano said.
    "There's 10 years of data, there's 10 years of public input, there's 10 years of nos," Mangano said in an interview. "Now's the time for us to come together and collectively end the island of no and go forward with the island of yes. That's what the RFQ is intended to do."

    If the Islanders leave, the winning developer would have to come up with an alternative.

    Islanders senior vice president Michael Picker did not return calls for comment last week.
    In an interview in February, Picker indicated Wang likely would not participate in a bidding process to redevelop the site. A source close to the situation said Friday that the position hasn't changed.

    A year ago, in a referendum to build an arena with public funds, the arena's total cost was expected to amount to nearly $800 million -- $350 million for construction, plus interest and fees. At the time, the Islanders guaranteed a minimum payment of $14 million a year over 30 years -- or $420 million total. The referendum failed.

    The RFQ, which has a July 30 response deadline, calls for a renovated or new arena for the Islanders -- or another unnamed professional sports team -- as well as convention space, a biotech park, retail and housing. Officials also want a 3,000-space parking garage.
    The developer would make money through revenue and rent from projects on the site.
    "We don't want to tie anybody's hands," Mangano said. "But at the end of the day, I believe this could really work."

    Mangano said plans would have to meet Hempstead's zoning guidelines. Town spokesman Michael Deery said the zoning allows for an arena and enough development to spur economic activity. "We applaud any efforts that embrace these same goals," Deery said.
    Desmond Ryan, executive director of the Association For a Better Long Island, a development group, said several developers may apply.

    "This may be the light at the end of the tunnel after a 20-year saga," he said.
    Said Garden City developer Vincent Polimeni: "I'm interested, but it all depends on what the RFQ requires."

    Nassau Democratic Party chairman Jay Jacobs called Republican Mangano's plan "counterproductive" because it removes the county's ability to deal directly with the Islanders' leadership.

    Jacobs suggests that the county should earmark $1.5 million in annual entertainment tax, with Wang providing the rest.

    Observers said Wang's role remains the big question mark.

    "It sounds plausible depending on how much Charles Wang is willing to participate," said John Durso, who heads the Long Island Federation of Labor, a union group.

    Noting the team's 2015 deadline, Durso said: "The ship has not sailed, but it's getting ready to go."
    newsday

  2. #2
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    Honestly it's either now of never. Someone please assassinate Murray do she doesn't interfeer

  3. #3
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    This plan is flawed to begin with, considering we already know that Kate Murray's zoning makes it impossible for a developer to make a profit with an arena in the plans. Most likely people will put in RFPS so they can have the the land if or when the Islanders leave. Since it will become the responsibility of the winning developer to come up with alternatives for the site if the Islanders decide to leave the hub. Instead of coming up with a new plan Nassau has returned to an already failed one.
    islandersuniversity

  4. #4
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    We should just assassinate Murray

  5. #5
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    Better than nothing, htis is our last shot....


    http://www.youtube.com/watch?v=_CHj0dMkK6A

    New Video. Isles season highlights 2011-12!

  6. #6
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    Any chance this happens?
    SPACE


  7. #7
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    Pretty mch no
    BDGallof and Chris Botta are both fairly accuarate with their info
    Brooklyn or Canada pretty much
    And small chance or Suffolk but I think that'd be bad business wise

  8. #8
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    Chris Botta and BDgallof are terrible sources these days... just saying


    http://www.youtube.com/watch?v=_CHj0dMkK6A

    New Video. Isles season highlights 2011-12!

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    http://www.hockeybuzz.com/blog/Dee-K...vior/129/45836

    Randi Marshall‏@randimarshall
    Developer Donald Monti, who is working in village of Hempstead and city of Glen Cove, plans to submit to #isles RFQ and wants to keep arena

    Randi Marshall‏@randimarshall
    Monti: “I love the Islanders. People don’t realize the importance of a major league franchise...To lose them...would be a travesty” #isles
    motha ****in don monti to the rescue

  10. #10
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    Clocks striking midnight pretty much
    Less than 3 days for RFQ deadline, 12/31/12 is Wangs deadline...

  11. #11
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    Please let this guy win.... Please


    http://www.youtube.com/watch?v=_CHj0dMkK6A

    New Video. Isles season highlights 2011-12!

  12. #12
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    2 developers submit plans for Coliseum

    At least two developers responded by Monday's deadline for submitting their qualifications to become "master developer" of the Nassau Coliseum site.
    Syosset developer Ed Blumenfeld, of the Blumenfeld Development Group, and Plainview developer Donald Monti, chief executive of Renaissance Downtowns, submitted their qualifications to redevelop the 77-acre site
    , firm spokesmen said separately.
    An aide to County Executive Edward Mangano said, "The administration has received several responses and will have further comment upon review."
    Earlier this month, the county issued a request for qualifications for coordinating the construction of a new or renovated arena along with housing and retail at the central Nassau Hub. The winning developer would be required to "immediately begin negotiations" with the New York Islanders hockey club and the arena's management company, SMG.
    Islanders owner Charles Wang has said he will not remain in the outdated arena past 2015, when the club's lease expires.
    A Blumenfeld spokesman said the development group had summarized its years of experience and track record in its current submission.
    "BDG believes the HUB is the most underutilized property in the state of New York, yet it now offers the county and the taxpayer a historic opportunity to create a center of economic excellence that will generate investment, jobs and taxes," said spokesman Gary Lewi.
    Brandon Palanker, spokesman for Renaissance Downtowns, said, "We're certainly excited at the possibilities."
    Monti, master developer for the Glen Isle waterfront redevelopment in Glen Cove, told Newsday last week that he is committed to finding a "creative solution" that allows the New York Islanders to remain in Nassau.
    "I love the Islanders. People don't realize the importance of a major league franchise and . . . to lose them to me would be a travesty," Monti said.

    Monti's partner on the Glen Isle project is developer Scott Rechler, who partnered with Wang when they planned to build the $3.8 billion Lighthouse Project on the Hub site.
    "If I'm going to be involved, it will be with the Islanders staying," Monti said
    newsday

  13. #13
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    Now or never ...
    Fingers crossed

  14. #14
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    Hopefully this is good news... Please ray: wondr when well next hear of this


    http://www.youtube.com/watch?v=_CHj0dMkK6A

    New Video. Isles season highlights 2011-12!

  15. #15
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    Well Wang set a personal deadline for 12/31/12 so that'll probably be the next news of this doesn't happen... Or the Brooklyn game he may announce something

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