Nassau County Executive Edward P. Mangano and New York Islanders Owner Charles Wang have scheduled a press conference for Wednesday at 11 a.m. to discuss details of a lease agreement on the newly proposed sports-entertainment complex in Uniondale.
According to a release from Mangano's office, an independent economist and lease negotiators will also be at the press conference at the Coliseum.
Additionally, Town of Hempstead officials said Tuesday that the town has approved a new development zone for the arena.
The approval allows for 5.4 million square feet of construction, including all building and parking structures.
Among the types of development permitted in the newly created zone are convention halls, hotels, retail, restaurants, offices, residential units, entertainment uses and a new or refurbished Coliseum.
According to town officials, the area surrounding the Coliseum now has the densest zoning in all of Hempstead.