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Old Posted Jun 18, 2009, 5:35 PM
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Join Date: Jul 2001
Location: Borough of Jersey
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Some highlighted facts of the development...
http://www.lighthouseli.com/about/faq

What is the status of the Lighthouse Project?
The application for the re-zoning of the Nassau Veterans Memorial Coliseum Site was submitted to the Town of Hempstead on November 13, 2007. Two Public Scoping sessions were held on May 22 and 27, 2008. The Lighthouse Development Group filed the Environment Impact Statement in compliance with the State Environmental Quality Review Act(SEQRA) on February 24,2009. The Town of Hempstead is currently reviewing the document and will agree upon its completion no later than July 7th, 2009

How much will the Lighthouse project cost Nassau County, and how will it affect the County's budget?
Nassau County will not be providing any financial support for this project. Currently, the County loses $1.5 million on the Coliseum and has no money in its budget to improve the Coliseum or the surrounding area. However, the Lighthouse will help the County's budget, creating a profit from the lease of the Coliseum and generating millions in incremental tax revenues, putting the Coliseum back on County tax rolls.

What is going to be done to the Coliseum?
A transformed Coliseum will provide a world-class venue to attract top acts, while providing the richest fan experience. Expanded and additional concourses will offer a variety of concessions and restaurants, all new restrooms, larger seats, and VIP suites. These amenities, never available before, will enhance the overall experience for 17,500 fans for hockey, 18,500 for basketball and 20,000 for concerts, giving Long Islanders the first-class sports and entertainment venue they deserve.

What is the build-out time for the project?
The first phase of the project will include the transformation of the Coliseum and the project's infrastructure. It is expected that the Coliseum construction will take two years. The total project will be completed in 8-10 years.

Will the approval of the Lighthouse project ensure that the Islanders will not move?
As part of the proposal submitted the Nassau County Legislature, the New York Islanders would extend their current lease agreement at the Coliseum until 2025. The Islanders are Long Island's only major league professional sports team.
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