The Real Deal New York

Review of $1B Nassau Coliseum project could take years, Hempstead officials say

November 12, 2018 12:01PM

Hempstead officials have said that the redevelopment of 66 acres around the Nassau Veterans Memorial Coliseum could take a couple of years because they still need to take an in-depth look at the project, according to LIBN. The CEOs of RXR Realty and BSE Global recently told local officials that they could begin construction of their $1.5 billion project within the year. They claimed their plan meets the town’s low-density zoning for the property and that they won’t need to get any variances. Town officials, however, have said it needs an extensive review. “All of this speculation that this is a done deal is entirely premature,” said Hempstead Councilwoman Erin King Sweeney. [LIBN]