The Lighthouse Project, officially named The Lighthouse at Long Island, is the current proposed transformation of the Nassau Veterans Memorial Coliseum and the area surrounding it into a modern suburban area. The project was first introduced by New York Islanders owner, Charles Wang. The base of the project is a newly renovated Coliseum for the New York Islanders to play in. Surrounding the Coliseum would be houses, hotels (Long Island's first 5-star hotel), offices, restaurants, and various stores. There would also be an athletic complex, conference and exhibition facilities, and a minor league baseball ballpark.