Long Island’s Nassau Coliseum Lighthouse Development – A Pipe Dream?
Here we are in the midst of a real estate meltdown, and Charles Wang is planning on creating The Lighthouse, a 5,000 resident mixed use development on the site of the Nassau Coliseum on Long Island.
Now if you are a hockey fan you know that the Islanders, which Wang also owns, are the worst managed hockey team in the NHL. And now we may understand why they are a mess.
In a way to drive renovations to the Nassau Coliseum Charlie Wang truly believes adding a huge development in a moribund economy is good business. Sure it is a beautiful plan and design, but in my eyes it is a pipe dream.
They’d bicycle to the renovated Nassau Coliseum to catch an Islanders game, or take the Lighthouse Trolley to one of the cafes dotting the mega-development. Office workers would walk home each night from the four new office buildings. In winter, they’d skate on the Grand Canal. In summer, they could gather at Celebration Plaza. They might work out at the 25,000-square-foot fitness center. Newsday.com.
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