The Real Deal New York

Nassau County takes next steps to advance $1.5B Coliseum plan

October 08, 2018 11:18AM

Nassau County Executive Laura Curran proposed amendments to the Nassau Coliseum lease with BSE Global to reflect the size of its redevelopment plan for 66 acres around the site, LIBN reported. The Nassau legislature will need to approve the changes. Doing so would allow BSE and RXR Realty to move ahead with their $1.5 billion plan to develop 500 units of housing, 600,000 square feet of office space and another 200,000 of retail or restaurant space. Five acres within the property will be used by Memorial Sloan Kettering. The lease amendments would also add $85 million in state funds from the Empire State Development Corp. to build parking. Curran also hopes to get more state money for pedestrian bridges to connect the Coliseum to nearby buildings. [LIBN]