The Nassau County Coliseum would be replaced by a new arena housing the New York Islanders under a $350-million bond proposal proposed by Nassau County officials that will go before voters this August.
The new arena would be built next to the current arena, which would eventually be torn down. The plan, less dramatic than previous county proposals (which had included a new casino) and proposals from Islanders owner Charles Wang (which included a Coliseum renovation as part of a larger office/residential development), devotes $350 million toward a new arena on the current Coliseum site; it also includes $50 million for a new minor-league baseball ballpark.
Wang has said the team will not play at the Coliseum once the Islanders’ lease ends in 2015. This plan would have a new arena in place by then.
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