from Candice Ferrette, Jim Baumbach and Robert Brodsky of Newsday,

NYCB Live's Nassau Coliseum will shutter its doors indefinitely as the arena’s billionaire owner seeks investors to resume operations of the 13,000-seat venue and assume the remaining debt, a Nassau County spokeswoman confirmed Tuesday.

The stunning development by Mikhail Prokhorov’s Onexim Sports and Entertainment, which operates the Coliseum through a lease from the county, comes three months after the arena, along with all other sports and concert venues across the state, closed amid the COVID pandemic.

"While we still believe in the enormous long term economic value of the Coliseum and the development of the surrounding land, NEC recognizes that such value will be best realized by other parties," according to a statement from Prokhorov's spokeswoman. "Accordingly, NEC has engaged with Nassau County, other important stakeholders, and potential investors to find the right party or parties to take over operations of the Coliseum. We cannot predict or control the actions of other interested stakeholders.

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