Coliseum Developer to Be Announced Wednesday

Newsday is reporting that the Coliseum developer will be named on Wednesday morning at an 11:30am press conference. Per Newsday:

A review committee, composed of county officials, was expected to make its final recommendation to Mangano late Tuesday evening or early Wednesday, with an announcement coming at a news conference in Mineola Wednesday at 11:30 a.m., sources said. The review committee has been meeting since last weekend.

A second news conference is expected to be held Thursday at the Coliseum with the winning bidder. The two finalists, sources said, have not been informed about the county’s decision and are expected to find out Wednesday morning.

There’s no word yet on who the winner is, but in cash strapped Nassau County, it appears to be the highest bidder:

While officials would not disclose the identity of the winning bidder, sources said the decision came down to the amount of revenue that the developer will pay Nassau through an annual lease agreement.