According to reports, the redevelopment plan submitted by Bruce Ratner for the Nassau Coliseum and surrounding land has been approved by the Town of Hempstead.
In case you are unfamiliar, the plan calls for the Coliseum to be scaled down from a capacity of 16,197 to 13,000 with the option to bring it back to its original capacity in time. Additionally, it calls for construction of a movie theater, retail space, office space, and a bowling alley just to name a few buildings.
While it isn't a slam dunk yet as a couple more things still need to be done, this does bode well for the projects future.
For more details on the plan check out this CBS story here.
Isn't it interesting how this plan got to this stage so fast and got the largest approval it will need. However, due to political ineptness, the Lighthouse Project had to fight for years to get to this stage before they even thought about starting the process to get the needed approvals.