Las Vegas Sands wants to open a $4 billion integrated resort in Uniondale, NY, and will reportedly ask Nassau County for some tax relief.
The gaming company’s proposal recently won the support of County Executive Bruce Blakeman, and the legislature there last week voted 17-1 in favor of allowing Sands to move forward. So there’s clear political support for the casino hotel, but how willing policymakers are to forego needed revenue is a different matter.
Speaking on the condition of anonymity, a Sands source close to the matter told Newsday the operator is seeking sales tax exemption on certain items and “a reduction in the mortgage recording tax.” Instead of those taxes, Sands would make other payments to Nassau County, to the Hempstead public school and system, and to other relevant “taxing jurisdictions.”
The gaming company’s proposal recently won the support of County Executive Bruce Blakeman, and the legislature there last week voted 17-1 in favor of allowing Sands to move forward. So there’s clear political support for the casino hotel, but how willing policymakers are to forego needed revenue is a different matter.
Speaking on the condition of anonymity, a Sands source close to the matter told Newsday the operator is seeking sales tax exemption on certain items and “a reduction in the mortgage recording tax.” Instead of those taxes, Sands would make other payments to Nassau County, to the Hempstead public school and system, and to other relevant “taxing jurisdictions.”