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| - The Lighthouse Project, officially named The Lighthouse at Long Island, is the current proposed transformation of the Nassau Veterans Memorial Coliseum and the area surrounding it into a modern suburban area. The project was first introduced by New York Islanders owner, Charles Wang. The base of the project is a newly renovated Coliseum for the New York Islanders to play in. Surrounding the Coliseum would be houses, hotels (Long Island's first 5-star hotel), offices, restaurants, and various stores. There would also be an athletic complex, conference and exhibition facilities, and a minor league baseball ballpark.
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abstract
| - The Lighthouse Project, officially named The Lighthouse at Long Island, is the current proposed transformation of the Nassau Veterans Memorial Coliseum and the area surrounding it into a modern suburban area. The project was first introduced by New York Islanders owner, Charles Wang. The base of the project is a newly renovated Coliseum for the New York Islanders to play in. Surrounding the Coliseum would be houses, hotels (Long Island's first 5-star hotel), offices, restaurants, and various stores. There would also be an athletic complex, conference and exhibition facilities, and a minor league baseball ballpark. The Lighthouse Project is expected to take 8 to 10 years to be completed, if approved, and cost about $3.74 billion. The project is expected to generate $71 million of annual tax revenues, and create about 75,000 construction and construction-related jobs. After the project is finished, 19,000 new permanent jobs are expected to come from it. Many believe the projected being approved is the only way that Wang will keep the Islanders on Long Island, rather than selling the team.
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