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I am in Suffolk, but did live in Mineola for 20 years. I have enjoyed many events at the Coliseum. I would vote no, not because it's not a good real estate investment, but because it's not a good 30-year investment in Wang. He has no idea on how to run the team or the building. Why does he get to be the GM of the property? I feel the same way about the Wilpons.
I am in Suffolk, but did live in Mineola for 20 years. I have enjoyed many events at the Coliseum. I would vote no, not because it's not a good real estate investment, but because it's not a good 30-year investment in Wang. He has no idea on how to run the team or the building. Why does he get to be the GM of the property? I feel the same way about the Wilpons.
Matt
He isn't. Nassau will still own the building and all rights to development.
Both the Daily News and the Post ran articles about this and have more facts than I do. I recall a big point being that the loss of a stadium rarely impacts local businesses - peoples' entertainment budgets are generally finite, and if there is no stadium they just spend their money elsewhere in the community. Conversely, if you do build the stadium, it just sucks up money that would be spent elsewhere, it doesn't magically create new entertainment spending.
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Well, if anyone in Nassau County ever has a hankering to see a concert or take their kids to see a show, they'll have to spend their money in Brooklyn, Manhattan or Newark, because there won't be any place to "spend their money in the community."
And that money they saved in tax increases will be offset by their train/toll expenses in traveling to said events.
Well, if anyone in Nassau County ever has a hankering to see a concert or take their kids to see a show, they'll have to spend their money in Brooklyn, Manhattan or Newark, because there won't be any place to "spend their money in the community."
And that money they saved in tax increases will be offset by their train/toll expenses in traveling to said events.
Exactly, $40 a year or LIRR tickets to MSG or Brooklyn and a blight in the middle of the county.
Quote:
Originally Posted by S.I.B.
Once the Jets committed to the Meadowlands there was no chance they were going to stay on LI. And where was the significant economic benefit to the county of the Jets maintaining operations in Nassau?
The Jets tangible benefits to the community? You don't think that the Jets former practice facility brought in money to Nassau county? Lol, tough to argue I guess when you don't see that. Maybe you should go talk to the Hofstra football staff who went out of work when the Jets left. How many local jobs did that cost?
The Jets tangible benefits to the community? You don't think that the Jets former practice facility brought in money to Nassau county?
I'm sure it brought in some money. After all, the players had to eat and fill up their gas tanks. But beyond that, how much did it really help? The Jets' agreement to use the facility was with Hofstra...not with the county.
Do you have any actual details or facts?
Quote:
Maybe you should go talk to the Hofstra football staff who went out of work when the Jets left. How many local jobs did that cost?
Are you talking about the University disbanding its football team? If so, that's a completely different issue.
If you're talking about the Jets' team employees who may have been living on LI, we're talking about a very limited number of people. A football team doesn't employ THAT many people.
I feel my arm being twisted to vote yes. If not, instead of an arena, my tax dollars will just go to subsidize some other politically connected developer putting in 55+ condos and Kate Murray with a shovel and hardhat and a big ridiculous grin. Why is TOH not villified more for politically blocking the private development of the arena? Why no public referendum on that one?! Would have won a landslide. Hofstra was in, NCCC was in, dems, repubs. Just the crony filled, corrupt, good for nothing TOH govt looking a piece of the pie and politcal points. Check the employment roster of TOH. Reads like a who's who list of family and friends. It's sickening. A shelter that abuses animals and a building dept that abuses and extorts homeowners while it's employees skirt the regs without penalty. Do we really need a massive layer of govt to block development, decimate Hempstead Turnpike, run a lightbulb recycling program and make idiotic speeches at the opening day of snoopy soccer?! Can't the cub scouts handle all of that!?!
Seriously, has anyone SEEN the ghost town Hempstead Turnpike has become from East Meadow to Farmingdale. HOW do these clowns get re-elected time after time after time?!
Does it surpise anybody else that Wang is claiming the Islanders lose money? What I have read is that the Islanders pull in ~$60mil in revenue and players salaries are ~$35mil - that leaves ~$25 mil to offset the rest of the costs associated with all Islanders. Since Wang purchased the Islanders in 2000 for $131mil it can't be debt service.
Could it be LI does not provide enough of a fan-base for an NHL hockey team? According to Forbes they only sell out 67% of the coliseum - last in the league - yet there are teams that have worse or equivalent 3-5 year win-loss records that sellout at much higher percentages.
I don't that a new coliseum is going to change the Islander's finances.
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