Billionaire Mikhail Prokhorov to Shutter Long Island’s Nassau Coliseum
- Said to seek investors to assume debt on sports, music venue
- Arenas have been hit hard as pandemic canceled live events
People watch a drive-in movie at the Nassau Veterans Memorial Coliseum in Uniondale, New York on May 29.
Photographer: Bruce Bennett/Getty ImagesThe Nassau Coliseum, the Long Island arena that hosted professional hockey games and rock concerts, is turning off the lights.
Billionaire Mikhail Prokhorov’s Onexim Sports and Entertainment, which operates the arena under a lease from Nassau County, is planning to shutter the venue indefinitely while it seeks investors to take over operations and pick up the remaining debt on the building, according to people familiar with the matter.
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Billionaire Mikhail Prokhorov to Shutter Long Island’s Nassau Coliseum