On Tuesday, County Executive Laura Curran announced that there was progress on a plan for the future of the Coliseum and the development of the Nassau Hub site.
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"The Nassau Veterans Memorial Coliseum housed so many of Long Island's important moments, including the New York Islanders and their historic Stanley Cup run, the excitement of 'Dr. J' Julius Erving and the New York Nets and decades of memorable concerts, shows and professional sporting events," said Hempstead Town Supervisor Don Clavin.
Back in June, it was reported that the Coliseum was going to close indefinitely by its owner.
Bloomberg first reported that billionaire Mikhail Prokhorov's company planned to close the arena while it seemed new investors to take it over and assume the remaining debt.