Mikhail Prokhorov —who has quietly pulled out of many of his Russian investments— is once again putting money into New York real estate, this time a $1.5 billion commercial and residential development around Nassau Coliseum. It’s likely to be approved Monday.
On Monday, Nassau County legislators will vote on whether to allow development of 77 acres the county owns around the Coliseum. The legislature is expected to approve the plan which will be developed by Prokhorov’s BSE Global and RXR Realty, a local developer.
The now vacant blacktop, to be called “Nassau Hub,” is being billed as a “new suburbia.