Las Vegas Sands, the casino and resort company, has submitted a bid to build a privately-funded, multibillion dollar tourism destination on the site of the Nassau Coliseum, after striking a deal to become the new tenants on the county-owned property, officials confirmed to Newsday.
Officials with knowledge of the proposal, which would include a gambling casino if the state awards a license, say the company is willing to spend an estimated $4 billion on the project.
The plan would include outdoor community spaces, four and five-star hotel rooms and “a world-class live performance venue honoring the long legacy of live music at the Nassau Coliseum,” Sands officials said.
The project would go forward even if the state does not approve a casino, Sands officials said.
