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Mangano: To Avoid Any Doubt, Development Rights Remain With The People Of Nassau County

Nassau County Executive Edward P. Mangano today reiterated that the people of Nassau County retained all development rights in the original lease agreement with Arenco for a new sports arena. While certain groups have suggested that the lease did not do so, the County Executive today obtained a contract amendment that clearly states, “Notwithstanding anything in the Lease to the contrary, the Landlord reserves the right to any and all Development Rights. For avoidance of doubt, in no event shall the Tenant be construed to have been granted in the Lease, or any other agreement whatsoever, any Development Rights, or the right to make use of any Development Rights.”