Two hotels are added to the $1.5B Nassau Coliseum redevelopment plan

Brett Yormark, CEO of BSE Global, and Scott Rechler, CEO of RXR Realty, for the first time laid out a time frame for their plan to redevelop 72 acres around the Nassau Coliseum, Newsday reported. The developers added two hotels to the $1.5 billion redevelopment plan. One of them will be a hotel offering “limited services” while the other will be “a high-end facility” according to the plans. The Nassau Legislature will have a public hearing on the proposal on Nov. 27. Lawmakers could approve the plan as soon as December, which would allow developers to quickly launch its first phase, which will see the construction of two parking garages, medical or research buildings and some entertainment facilities. [Newsday]