LI voters reject hockey stadium funding

New York /
Aug.August 02, 2011 01:18 PM

Voters in Nassau Country yesterday voted 56 to 43 percent yesterday toreject issuing a $400 million bond to build a new hockey arena for the New York Islanders in Uniondale, the AP reported.

Opponents of the projects said that County Executive Edward Mangano and Islanders owner Charles Wang were exaggerating when they said the project would bring 3,000 jobs and significant revenue for the area.

A state fiscal watchdog group, the Nassau Interim Finance Authority had said the project would cost individual taxpayers $60,
compared with Mangano’s estimate of $14.The authority also stated that the project would have cost $800 million altogether, with interest included.  Nassau County currently faces facing a $100 million budget deficit for 2011 and
some of the country’s highest property taxes, the New York Post reported.

The vote means that when their lease expires in 2015, the Islanders, Long Island’s only professional sports franchise, would be likely to leave Long Island’s Nassau Coliseum, perhaps for the Barclays Center in Brooklyn, the Post said. [AP via ENR] and
[Post]


Related Articles

arrow_forward_ios
Jake’s 58 (Google Maps, iStock)
Suffolk OTB to acquire Jake’s 58 in $120M deal
Suffolk OTB to acquire Jake’s 58 in $120M deal
The state has opened 52 more investigations into potential fair-housing law violations tied to the Newsday report (iStock)
Agents named in discrimination exposé face discipline from state
Agents named in discrimination exposé face discipline from state
90 Jule Pond Drive is on t he market for $145 million (Sotheby’s International Realty)
$145M Hamptons estate languishes on market amid surging demand
$145M Hamptons estate languishes on market amid surging demand
From left: Erica Grossman, Michaela Keszler, Maggie Keats, Margaret Harrington and Maria Babaev (Photos courtesy Douglas Elliman)
Douglas Elliman honors tristate brokers after a chaotic year
Douglas Elliman honors tristate brokers after a chaotic year
(Getty)
Summer camps can reopen, but much remains unknown
Summer camps can reopen, but much remains unknown
Chris Whittle and his East Hampton estate (Photos via Trulia and Meridian)
Education entrepreneur relists East Hampton estate for $95M
Education entrepreneur relists East Hampton estate for $95M
This three bedroom house is the first ever home built with 3D printing technology. (Realtor)
“3D-printed” home in Calverton listed at $300K
“3D-printed” home in Calverton listed at $300K
Sen. Anna Kaplan (Photos via Wikipedia Commons; iStock)
NY Senate to pass housing discrimination bills
NY Senate to pass housing discrimination bills
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...