UNIONDALE - Nassau taxpayers have rejected the multimillion-dollar plan to redevelop the Coliseum yesterday, but the county remains divided over the decision.

Many residents had spent months promoting the "Vote Yes" campaign, and they were left disappointed with yesterday's results.

Jim Castellane, of the Building and Trades Council, says the project would've created about 2,500 jobs that many of his members were counting on.

Frank Borrelli, whose restaurant, Borrelli's, is located across the street from the Coliseum, says he sees an increase of 20-30 percent every time there's an event at the arena. Yet, he's trying to stay optimistic, despite the likelihood that the New York Islanders would now have to leave Nassau in 2015.

However, others, like Ed Loss, of Levittown, are thrilled that the referendum to borrow $400 million for the Coliseum project was voted down.

"They got to get their financial house in order before they build anything new," he says.

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