Nassau County Executive Bruce Blakeman announced on Wednesday a lease agreement with Las Vegas Sands that would let the company take control of the Nassau Coliseum property.
The lease would help move forward plans to build a $4 billion entertainment arena, resort and casino on a 72-acre site called the Nassau Hub. Sands, which also operates five resorts in Asia, has applied for a New York commercial gaming license for $500 million.
The lease on the Nassau site has been held by a Florida-based real estate developer since 2020, who previously helped finance the 2018 renovation of the Coliseum. Blakeman said the project will create jobs and increase the county’s tax base.
