{"id":322946,"date":"2024-06-18T17:37:45","date_gmt":"2024-06-18T22:37:45","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=322946"},"modified":"2024-06-19T10:10:44","modified_gmt":"2024-06-19T15:10:44","slug":"nassau-county-to-hold-hearing-on-sands-casino-lease-transfer","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/","title":{"rendered":"Nassau County to Hold Hearing on Sands Casino Lease Transfer"},"content":{"rendered":"

Nassau County and Las Vegas Sands will get another shot to rectify issues surrounding the county\u2019s transfer of lease rights on Nassau Hub to the gaming company later this week at a public hearing conducted by the Nassau County Planning Commission.<\/p>\n

\"Hofstra
The Nassau Coliseum. The Nassau County Planning Commission will hold a meeting Thursday to evaluate the county’s lease transfer agreement with Las Vegas Sands. (Image: Newsday<\/em>)<\/figcaption><\/figure>\n

The meeting, slated for 10 a.m. Thursday marks a \u201cdo-over\u201d of sorts after New York State Supreme Court Justice Sarika Kapoor ruled last year that the prior lease agreement between the county and the gaming company violated New York\u2019s open meeting laws<\/a>. That suit was brought by Hofstra University, which has been vocal in its opposition to a casino hotel being constructed near its campus.<\/p>\n

An agenda for the Thursday meeting, which will also be conducted virtually, confirms the planning commission will discuss the lease transfer.<\/p>\n

While Sands intends to seek to develop a casino at the Coliseum site, the proposed lease does not authorize the Coliseum site to (i) be developed or (ii) used for a casino, and any such authorization will occur, if at all, through a separate lease in the future that will be subject to public comment. The lease will also be discussed at the Commission\u2019s 8:45 A.M. work session on the same date at the same location,\u201d according to the agenda.<\/p><\/blockquote>\n

Properly executing the lease transfer is essential because the agreement grants Sands rights to control and redevelop the Nassau Coliseum in Uniondale, NY.<\/p>\n

Why Nassau County Lease is Pivotal<\/h2>\n

In May 2023, Nassau County legislators<\/a> voted 17-1 in favor of granting Sands a 99-year lease to develop county-owned land on the Nassau Hub site. It was later reported that the gaming company paid $241 million for those rights.<\/p>\n

That confirms Sands has already made a significant financial commitment to the project. Additionally, the operator has noted, as have other contenders for the three downstate casino permits, that those projects lack appeal if casinos aren\u2019t included.<\/p>\n

\n

Rectifying the lease transfer accord is important to both the county and LVS because should New York accelerate the approval<\/a> of the downstate casino licenses, experts believe that bidders contending with land use and legal issues could be deemed undesirable by state regulators.<\/p>\n<\/div>\n

Sands has pledged a $6 billion redevelopment of Nassau Hub, including a casino resort, convention center, entertainment space, and a slew of dining options. That\u2019s more than the operator ever spent to develop integrated resorts in the US, but that commitment would likely fall by the wayside if the casino bid isn\u2019t tenable, underscoring the importance of getting the lease transfer right.<\/p>\n

Nassau County Casino Not Guaranteed<\/h2>\n

While the planning commission\u2019s Thursday meeting is a step in the right direction and could go a long way toward confirming the county and LVS are endeavoring to comply with open meeting laws, it\u2019s the first step in a wide-ranging process.<\/p>\n

\n

Said another way, the meeting doesn\u2019t guarantee the casino plan will be approved. An environmental review needs to be conducted and final approval will occur through other avenues.<\/p>\n<\/div>\n

The matter before the planning commission “does not authorize the Coliseum site to\u00a0be developed or\u00a0used for a casino, and any such authorization will occur, if at all, through a separate lease in the future that will be subject to public comment,” according to the agenda.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nassau County and Las Vegas Sands will get another shot to rectify issues surrounding the county\u2019s transfer of lease rights on Nassau Hub to the gaming company later this week at a public hearing conducted by the Nassau County Planning Commission. The meeting, slated for 10 a.m. Thursday marks a \u201cdo-over\u201d of sorts after New […]<\/p>\n","protected":false},"author":46,"featured_media":269377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86438,13592],"tags":[81897,86457,81895],"acf":[],"yoast_head":"\nNassau County to Hold Hearing on Sands Casino Lease Transfer<\/title>\n<meta name=\"description\" content=\"Nassau County to Hold Hearing on Sands Casino Lease Transfer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nassau County to Hold Hearing on Sands Casino Lease Transfer\" \/>\n<meta property=\"og:description\" content=\"Nassau County to Hold Hearing on Sands Casino Lease Transfer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-18T22:37:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-19T15:10:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/\",\"url\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/\",\"name\":\"Nassau County to Hold Hearing on Sands Casino Lease Transfer\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"datePublished\":\"2024-06-18T22:37:45+00:00\",\"dateModified\":\"2024-06-19T15:10:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Nassau County to Hold Hearing on Sands Casino Lease Transfer.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/nassau-county-to-hold-hearing-on-sands-casino-lease-transfer\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/04\/licoliseum.jpg\",\"width\":1200,\"height\":800,\"caption\":\"The Nassau Coliseum. 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