Ratner: Too Expensive to Keep Isles at Coliseum Post-2015, Renovated Coliseum Ready in 2016

Update, 4:55pm: The Nassau Legislature has unanimously approved the project with a 19-0 vote.

Update, 3:45pm: Ratner and Yormark have said that both the NHL and the Rangers (aka the Dolans) will need to approve the Islanders playing six games at the Coliseum per season after they leave for Brooklyn. Yormark said he was confident in both parties approving the plan but mentioned they have not yet tried to seek approval.

Original Story:The Nassau Legislature is expected to vote later this afternoon on the proposed development of the Nassau Coliseum by Bruce Ratner, Brett Yormark, et al. At the moment, the group is addressing the legislature and have commented on a number of questions that have popped up since the group was awarded the Request for Proposal in August.

One of the more interesting points is that Ratner has said that it is too costly to to keep the Islanders at the Coliseum after 2015, except for the six games that are currently promised under the proposal. He did say that he thinks it is important to have some Islanders games at the Coliseum. And as far as financing the project; “it’s not much if an issue, if we say we’ll do it, we’ll do it,” Ratner said according to Newsday.

Recently Tom Suozzi, who will be running for County Executive on the Democratic ticket has accused Ratner as well as Republican and incumbent County Executive Ed Mangano of planning to put 1,000 video slot machines on the new Coliseum site. Those accusations were shot down by Ratner.

As for the timeline of the project, renovation would begin in August of 2015 after the Islanders head for Brooklyn and the project would be completed sometime in 2016.