WOODBURY - A report from the Nassau County Office of Budget Review says a new Nassau Coliseum would cost taxpayers more than originally announced.

The report says the average Nassau County homeowner would pay $58.39 a year to build a new arena for the New York Islanders and an adjacent minor league baseball park.

County Executive Ed Mangano (R-Nassau) says the project will eventually pay for itself and even help lower property taxes because the county will share in profits from the new arena.

Legislators to let residents vote on fate of Nassau Coliseum