(Read more on the debt and equitymarkets.)
[IMGCAP(1)]PLAINVIEW, NY-The Lighthouse Development Group LLChas created the Lighthouse Foundation, an organization that willreceive an initial endowment of $1 million from Charles Wang, ownerof the New York Islanders and Dragons and RexCorp Realty. Accordingto the Foundation, its mission is to nurture opportunities thatstrengthen the communities and institutions that surround theNassau Veterans Memorial Coliseum and the $2 billion Lighthouse Projecthere.
According to a statement, the Foundation seeks to create newopportunities for future generations of Long Islanders bysupporting development of education and job creation programs withthe goal of improving the region's quality of life. The group notesthat it will actively participate in community events, arrangescholarships, create home ownership opportunities and work tocreate new career possibilities on Long Island, with local groups,schools, and businesses which call the surrounding communitiestheir home.
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