"The rivalry that has existed between the Rangers and Islanders for almost 40 years is one of the best in hockey and in all of sports. The intense passion and emotion involved in these games is something we cherish and would like to see continue for generations to come. We urge Rangers fans, Islanders fans and all hockey fans in Nassau County to vote yes for the referendum on Monday, August 1".
Rangers owner James Dolan is in TV commercials supporting the arena as well.
...i encourage all of my readers who live in Nassau County to get out and vote yes on the new Islanders arena on Monday.
...to find out where to vote call the Nassau County Board of Elections at (516) 571-2300.
Joe, its $13.80 a year to spur 400 million in increased revenue for the county over 30 years. Its an investment, economically it makes sense as such. Additionally, Charles has tried to build the coliseum privately before; the LH didn't pass. A smaller version would not be plausible because he private lending rates are much higher and he wouldn't be making much money. Finally, the county owns the coliseum why should he renovate something that doesn't belong to him.
The misinformation campaign from Jacobs is really unfortunate, this is good independent of the Islanders.
Wang is a Billionaire the players make millions the county will make millions off of concerts, shows, sporting events etc. They wil charge $20 to park and $8 for a bottle of water. Plus, if they do a ballpark? That will generate money. FYI the Long Island Ducks have sold out every game every year since they started.They really have balls to ask the taxpayers who make $60,000 a year trying to support their families, struggling to pay for the high cost of gas, food, taxes, kids, electric, heating, etc. They will be making 100's of millions of dollars and just getting fatter. Talk about greed! I have an idea, why doesn't Wang float a loan and have the players take a 5% pay cut. He can make his money back by increased ticket sales and part of the events.
They are claiming it will cost the tax payers $58 a year. Is that per household or per tax payer??? The families paying for this project can't afford to attend these events.
The county claims that after this project is completed it will have created all these jobs. OK fine what are these jobs? Concession stand, ushers, parking attendents, all paying $8 - $10 an hour. They can't afford to see Brittany!
here's a great piece on the saga of the coliseum:
Yeah, get out there and vote to build a billionaire a new building on the backs of the taxpayers. The rivalry is great and all, but the county is literally on financial probation with the state and yet they're presenting a vote that will ask the county to borrow another 400 million? Unbelievable.
@forsitel22 Wang proposed the LH project knowing full well that it was unrealistic and the town wouldnt accept it. He could then throw up his arms and say "well, I tried. If the Islanders go its not my fault!" It was brilliant really - Now, in order to keep the islanders and avoid a political and PR disaster, the county is making this offer, on the backs of the taxpayers.
Sure, if all things work out the county will make money, but are you naive enough to think that any revenue generated by the county will result in lower property taxes?
And what if things dont work out? What if the isles continue to suck for 20 years? What if (god forbid) their charter plane crashes? What if any number of variables occur that would affect the profitability of the coliseum? the county is left holding the $400 million bag, plus interest.
In any business venture that requires an initial investment, there is an assumed risk. Wang has brilliantly shifted all of that risk to the county and the taxpayers, just as he planned to when he initially proposed the LH project. If you look at it objectively, it is a masterpiece of political and financial maneuvering.
I suppose you don't become a billionaire by being stupid.
I should amend this, when I say he won't be making much money I mean he won't be making enough money to cover the investment. I.E it wouldn't make sense financially
@AnnoyingJoe It's not like the taxes in Nassau COunty aren't going up anyway. Might as well add jobs that might actually spur the economy.
@DanW Sadly no. Although if you have any family in Nassau makes sure you get them to vote.
@KevinDeLury Im all for the building being built. And the jobs will be created regardless of who builds it. It's the fact that the taxpayers are taking the debt and subsequently the risk that irks the shit out of me. Wang and Mangano have done a real con-job here, and Wang has blackmailed the county.
@KevinDeLury I don't.. I think it'll pass though. Too bad for islanders fans they can't vote for a new GM
@DanW or a new coach. that guy always looks like he just got out of bed