No decision on fate of Nassau Coliseum

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“A casino at the Hub is not about the future, and it would not be an engine for economic and social prosperity,” Poser said in the essay. “It would be dangerous for adjoining neighborhoods, and create a nightmare of traffic and pollution, not to mention antisocial behaviors that often crop up around casinos.”

Reese said the company and Hofstra have engaged in discussions regarding the proposal and hopes to have a continued dialogue throughout the process.

“We don’t build $4 billion casinos, we build multi-amenity real estate developments and we want to engage with the community and local labor leaders,” Reese said. “We’ve spoken to Hofstra and we hope there are more opportunities to engage in conversation.”

In terms of the gross gaming revenue under the proposal, Reese said, 80% goes to the state and 20% goes locally. The local percentage would be split up between both Nassau and Suffolk County along with the Town of Hempstead, with Suffolk receiving 10% and Nassau and the town each receiving the remaining 5%.

Reese said the organization will not look to get a tax exemption or other subsidies to help offset building costs.