NEW YORK (1010 WINS) -- It's the end of an era for event-going Long Islanders: Nassau Coliseum is indefinitely closing, Bloomberg reported Tuesday.
The venue has been dark, though, since the pandemic began.
Onexim Sports and Entertainment operates the arena under a lease from Nassau County, but it is now seeking investors to take over the venue's operations -- and its debt, according to the report. Bloomberg reported that the company would turn over the lease in exchange for investors assuming approximately $100 million in loans on the property.
Since construction of the New York Islanders new home at Belmont Park has resumed, this has led to Onexim moving to shut down Nassau Coliseum.
Onexim has yet to comment on the report.