Earlier today, Nassau County Executive Ed Mangano announced that Forest City Ratner will redevelop the Nassau Veteran's Memorial Coliseum, the oldest un-refurbished arena in the NHL, and soon to be former home of the Islanders. The development plan was picked over a competing plan put forward by James Dolan and Madison Square Garden. 

 

The Following are Tweets Announcing and exclaiming the deal:

 

Below are some fan reactions:

 

So overall fans seem happy about the announcement that the Ratner group is developing the new Coliseum. The full plans are probably soon to be announced, and they certainly will be interesting. The Islanders are still moving to Brooklyn and as of now are still slated to play their last season in the Coliseum. While the Economic news to citizens of Nassau is hugely important, the damage has been done, the Islanders are moving and are currently bound to a 25 year lease at the Barclay's Center, today's news doesn't change that. The Islanders made numerous attempts and there was plenty of time for them to remain on Long Island, all parties (political and otherwise) have their share of responsibility over the travesty (the near decade of maneuvering) that led to last fall's agreement with the Barclay's Center. I myself can only sit back and hope to see the Islanders continue to succeed and hope that the move to Brooklyn finally attracts a marquee player to join the Islanders as they move from Nassau to Kings County.