Study: Taxpayers shouldn't invest in new Coliseum

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

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

Share on Facebook Tweet on Twitter

advertisement | advertise on News 12

Top 5 Must See

Long Island can expect powerful winds and heavy 1 Nor'easter expected to bring strong winds, heavy rain
Cycle for Survival is the movement to beat 2 Cycle for Survival: Fighting rare cancers
The high winds expected with the nor'easter could 3 South Shore communities prep for nor'easter
The head of the Nassau chapter of Planned 4 LI Planned Parenthood chief voices concerns on administation
A teenager was attacked in a park Sunday 5 Police: Teen attacked at Huntington Station park

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE