Hip-Hop mogul, Jay-Z is part of a group trying to renovate Nassau Veterans Memorial Coliseum outside New York City. On Thursday (May 2), the rapper/businessman attended a meeting on Long Island, where the media was briefed on four proposals illustrating plans to renovate the arena and the surrounding property.
As the current home of the NHL’s New York Islanders, the 40-year-old arena has been the subject of consideration for re-development for several years. The Islanders will be moving to Brooklyn in 2015.
Jay-Z recently sold his ownership stake in the Brooklyn Nets to fortify his Roc Nation Sports management company so that he would be free to further pursue NBA players as clients without violating NBA regulations regarding agents and ownership. Roc Nation was part of a group that built the Nets’ billion-dollar Barclays Center in Brooklyn.
Roc Nation is now among those bidding for the Long Island project.
Jay-Z did not speak during the presentation, which lasted about a half-hour. He paused to take photos with Nassau County officials, who are expected to decide on a plan this summer.
