Arena makeover first step in ambitious plan

9/29/2004 - New York Islanders

UNIONDALE, N.Y. -- The co-owner of the New York Islanders
has unveiled an ambitious $200 million plan to renovate the Nassau
Coliseum and construct a mixed-use complex that would include a
60-story hotel and condominium tower.

The plan is being developed by Charles Wang, the
multimillionaire who is also the founder of the Computer Associates
software company on Long Island. The proposal would
require approval from Nassau County, which owns the coliseum and
the land, and from the Town of Hempstead.

The centerpiece of the proposed complex, on 70 acres next to the
coliseum, would be the 60-story tower, to be called the Great
Lighthouse, with a 10,000-square-foot observation deck. Long
Island's tallest building is the 19-story Nassau
University Medical Center in East Meadow.

The complex also would include a five-star hotel, luxury
condominiums, rental apartments, a 500-seat amphitheater, two
skating rinks, basketball and volleyball courts, offices,
restaurants, shops, an exhibition hall and a center to help
athletes improve their performance.

The complex would be the second phase of the proposed plan.
Nassau Coliseum would be updated first, its seating capacity
expanded to 17,500 from 16,300 and 50 new luxury boxes added by