The Lighthouse project was to be the transformation of the Nassau Veterans Memorial Coliseum site and surrounding area into a modern 24/7 suburban center. The centerpiece, a revitalized arena for the New York Islanders, to be surrounded by exciting residential neighborhoods with a variety of housing options, lifestyle retail and entertainment venues, Class A office space including an incubator for the sports technology industry, an aquarium, multi-purpose athletic complex, state-of-the-art conference and exhibition facilities, a minor league ballpark, and the first 5-star hotel on Long Island. The estimated $3 billion project was expected to generate $80 million of annual tax revenues. An expected 50,000 construction and construction related jobs were to be created over the 8-to-10 year build out of the project. Once completed, 20,000 permanent jobs and many new businesses were to provide the opportunities and careers Long Islanders need and want. A transformed coliseum was to ensure that the New York Islanders have a state-of-the-art home for decades to come. The Lighthouse at Long Island, in the backyard of America’s first suburb, was to create a destination for future generations of Long Islanders.