UNIONDALE, N.Y. (CBSNewYork) – Nassau County Executive Ed Mangano will present a plan for a smaller replacement for the Nassau Veterans Memorial Coliseum in Wednesday night’s State of the County address.

Mangano believes that a new smaller venue would be more competitive for concerts, minor league sports, and family shows.

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He said it would be a practical plan for the 40-year-old arena.

Early reaction from residents is mixed.

“You’re cutting yourself out of the potential for bigger stuff,” one man told WCBS 880 Long Island Bureau Chief Mike Xirinachs.

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“Who’s going to pay for it? That’s the bottom line,” said another. “Big venues is good. I think that brings in a lot of money.”

“It need to be rebuilt, redone over,” said still another. “Bring it on.”

Mangano said a smaller coliseum would free up space for other development and create new revenue sources.

The Coliseum’s primary tenant – the New York Islanders – are scheduled to leave for Brooklyn in 2015.

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