MANGANO SPEAKS ABOUT HIS VISIONS OF NASSAU COUNTY’S FUTURE ECONOMY.

Speaking at the 2015 Vision Long Island Smart Growth awards last week, Nassau County Executive Mangano said that his administration – in partnership with Vision Long Island – has been successful in reinventing the way in which our government operates, by improving our environment; attracting transit-oriented housing opportunities for our workforce; increasing job opportunities; and creating public-private partnerships “with a vision for the future of Long Island.”

The largest public-private partnership on Long Island, he said, is taking place at the Nassau Veterans Memorial Coliseum and Plaza, where a 43 year old arena and cement parking lot is being “transformed into Nassau County’s future economy.”

“With a $260 million private investment from NEC, we are transforming the arena into a world-class sports-entertainment destination at no cost to taxpayers – and are generating an estimated $500 million generated in revenue for the County over the 34 year lease,” County Executive Mangano said.

When completed, the arena is expected to host: the New York Islanders, Brooklyn Nets, Long Island Nets, Children Shows, Heavyweight Boxing, minor league hockey and college basketball games; as well as an array of star-studded performers and family-fun entertainment. In addition, the plaza development will include: a performing arts center, a movie theatre, shopping, a bowling center, and themed restaurants. Memorial Sloan Kettering is also investing $140 million in the Hub – along with 250 jobs with an average salary of $150,000 annually. Memorial Sloan Kettering will serve as the seeds of growth for healthcare-related research and development at the Hub.

“While this vision moves forward, my economic development team is hard at work; attracting companies from outside our borders and helping those within our borders expand their operations,” he said.

The County Executive pointed to successes in that area, which include Hain Celestial, Dealertrack, Publishers Clearing House and Jesco Lighting.

“To support employment, as well as the 24,000 new jobs my administration has helped create, it is important that we increase affordable housing opportunities for our young workforce,” he told those gathered. “The fact is, today’s starter home for many young families is actually an affordable apartment. To assist young families and meet employers-need for a skilled and educated workforce, my administration has partnered with the private sector to create new affordable housing opportunities for our young people, families and senior citizens. In many cases, we have incentivized local developers to create residences in our downtowns – also known as transit-oriented communities – so that residents can easily take a train ride to Manhattan, shop in their villages and support local small businesses.

More than 3,500 new apartments have opened or are under construction in the County, with more than 1,500 new units being constructed through Nassau’s initiative to convert vacant office space into apartments near transit centers. They include transit-oriented housing complexes in Mineola, Farmingdale, Manhasset, Great Neck, Roslyn, New Cassel and Westbury. This is in addition to the creation of 70 veteran and active duty military housing units at Mitchel Field.

“Our housing initiative not only assists young families, it revitalizes downtowns by eliminating community blight and increasing economic activity.”

County Executive Mangano went on to speak about the pursuit of funding for an Ocean Outfall Pipe for the Bay Park Wastewater Treatment Plant – which would strengthen the shoreline, protect the marine life and improve the environment – be releasing sewage deep into the ocean, miles off our coast line.

“Together, we are planning a better for future, and making sure Nassau County remains a great place to live, work and raise a family,” he said in closing.

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About nassaucountynewsnetwork

The County Executive of Nassau County,NY
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