Wednesday, 17 June 2020

Nassau Coliseum shutdown throws wrench into RXR project

 Billionaire Mikhail Prokhorov is closing Long Island’s Nassau Coliseum indefinitely, citing Covid-19. Prokhorov’s company Onexim Sports and Entertainment operates the venue under a lease and is seeking investors to take it over, along with about $100 million in loan obligations, Bloomberg reported. “The unforeseeable and unprecedented Covid-19 crisis has had a devastating effect on the operations of the Coliseum and its finances,” the company said in a statement to Bloomberg. “While we still believe in



source https://therealdeal.com/2020/06/17/nassau-coliseum-shutdown-throws-wrench-into-rxr-project/

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