NEW ROCHELLE - According to a new economic impact study, it would be a bad idea for taxpayers to invest in a new Nassau Coliseum.

The Association for a Better Long Island (ABLI) hired a private consultant to analyze whether residents should foot the $400 million bill. The report found that an earlier study from New York Islanders owner Charles Wang left out important details, including how much it will cost to actually run the new arena.

Supporters of the project argue that the Coliseum will stimulate the local economy and create close to 1,500 construction jobs.

Taxpayers will have the chance to weigh in on the project Aug. 1.

Long Island Association supports new arena planLegislators to let residents vote on fate of Nassau Coliseum

Response to Impact of Coliseum Analysis