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Lighthouse Still Lit, Says Developer

MINEOLA, NY-Lighthouse Development head Charles Wang says a news account Wednesday announcing the demise of the mixed-use project is false.

By Cody Lyon | Updated on October 15, 2009

MINEOLA, NY-Reports regarding death of the Lighthouse project here are greatly exaggerated. Charles Wang, Lighthouse Development Group principal and owner of the New York Islanders hockey team, says in a statement that a news article reporting that the “plug has been pulled” on the mixed-use mega-project is false.

Citing unnamed sources, the Long Island Press reported Wednesday that the Lighthouse project was being abandoned internally by Wang. The same report said a company “reorganization” was underway that would reassign key executives on the project to other, unrelated projects.

“Yesterday’s report on the Lighthouse project, which appeared in the Long Island Press, is untrue,” Wang says in the statement. “There are no plans to abandon this project, which is so vital to the future of Nassau County and Long Island as a whole.”

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