According to Newsday Ed Mangano will give Charles Wang a time period to come up with a private development for the site.
Nassau County Executive Edward Mangano has offered Islanders owner Charles Wang an exclusive period to come up with a privately financed plan to redevelop the 77-acre Nassau Hub before the county seeks other options for the site.
"I look forward to receiving a privately financed plan for a new Coliseum from the New York Islanders ," Mangano said.
In the absence of such a plan, "we will have no choice but to go in a different direction," said Deputy County Executive Rob Walker.http://mobile.newsday.com/inf/infomo;jsessionid=39F8AE72748D67622241.3216?site=newsday&view=business_item&feed:a=newsday_1min&feed:c=business&feed:i=1.3530452
Islanders Senior Vice President Michael Picker told a county legislative committee Tuesday that he hopes the county and the team can develop a plan for a new arena funded with public and private money.
But Picker said in an interview that if the county were to put the site out for public bidding, Wang likely would not participate. "We would have to evaluate it, but I don't think so," Picker said in an interview.