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January 10, 2012

Nassau's New Old Plan


Nassau new plan to save the Islanders is to have an RFQ for the hub. This means that developers will put up proposals and compete for the right to develop the land.  There is still one problem with this plan.  The zoning that Kate Murray created two years ago cannot economically support an arena.  The addition of an arena to anyone ones plan will almost certainly mean that they will take a lost in the project.  Yes the zoning allows for an arena, but who wants to invest into something that will make them lose money.  Unless the town of Hempstead expands the hub's zoning I don't see how it can support the construction of a new arena.  Ed Mangano should make an official announcement by the end of the month

Link to Newsday article: http://mobile.newsday.com/inf/infomo;JSESSIONID=C1A0BA8C749FABCC6255.3203?site=newsday&view=islanders_item&feed:a=newsday_5min&feed:c=islanders&feed:i=1.3442920&nopaging=1

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