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L.I. Fed President: New Arena Will Stimulate Economic Revival

John Durso, president of the Long Island Federation of Labor, explains why a new arena is so important.

The following is from John Durso, president of the Long Island Federation of Labor:

The proposed coliseum project is critical to Nassau County’s economic revival. It will create jobs immediately – 1,500 construction jobs and more than 3,000 permanent jobs. It will help Nassau County get back on its feet economically by generating development in the area and injecting much needed cash into the county’s coffers.

An independent study commissioned by the Nassau County Industrial Development Agency concluded that the new coliseum will generate revenues exceeding the cost of construction. It will bring in $1.2 billion in revenues for the county over the life of the lease with the New York Islanders with profits of $430 million for the county.

The Aug. 1 referendum presents an opportunity to enlarge the tax base of Nassau County and stop the cycle of unemployment and high taxes.

If a new coliseum is not built, the New York Islanders have stated that they will leave Long Island. It is likely that the coliseum would close. The best shows and events would move off of Long Island.

Building a new coliseum is a win for Long Island. The alternative is an abandoned arena and an empty parking lot. The Long Island labor movement urges a "yes" vote on Aug. 1.

Eric N. July 28, 2011 at 09:40 PM
Dooleyman, With all due respect, I know that we have all the facts we need. 1) We know the cost; WORST CASE SCENARIO $13.80 per year per household. Best case scenario taxpayers turn a profit. 2) I don't need anything on a website to know that this deal is in the best interests of all Nassau County residents, other than those that truly can't afford 26 cents per week. 3) Do not take this the wrong way. You may be very good at what you do; or you may not be. I, nor any of the other readers on this blog, have any way of knowing. But either way, this is not a bad financial deal. Just saying it doesn't make it so. I have yet to see you post one specific factual reason that this is a bad deal. I know that is because you cannot! I am sure you are voting no based on politics or your allegiance to ABLI. That is foolish. For next to no risk (26 cents per week worst case scenario), you are voting for a loss of jobs and over $200 million in economic activity, which will in turn kill businesses around the NVMC, and a loss of quality of life in the area. Makes no sense to me. Never has and never will. Only sane vote is a YES vote on 8/1.
Tideline July 28, 2011 at 10:21 PM
eRIC n, Are you licensed as a lobbyist ?
Mr. Drooleyman, Your perceived name calling was simply a statement of fact. That the World, County, or even your pal Daniel, didn't reply makes it even more so truthful. No one is listening. (crickets chirping) Nighty Night.
Daniel Garcia July 28, 2011 at 11:26 PM
Drew, If you read my note, I said my weekend had yet to start. Sitting at JFK I now have plenty of time to respond. A] Eric's response is a no-response. Not surprising since my question was off script. B] While I have yet to have the pleasure of meeting Dooleyman I appreciate the fact that you see us as friends. C] You ASSUMED I did not respond was because not even I was listening, when all along I was enroute to the airport. You do know why you shouldn't assume, right? If not, you just proved it. D] Dooleyman, fear not I'll be back on Monday to cancel out Eric's vote. I'm certain you're looking forward to negating Drew's. And NOW the weekend begins....
Islander For Life July 28, 2011 at 11:30 PM
Has anyone heard from the enchanted gnome lately? I heard he was deported back to Ireland because of some scandalous conduct.
Eric N. July 28, 2011 at 11:58 PM
Tideline, No I'm not. Think I could make some money at it?
Daniel Garcia July 29, 2011 at 12:10 AM
interesting the questions you do choose to answer.
MerrickGuy July 29, 2011 at 05:20 PM
Cousin Drew! You are quiet today - must mean business is good!! Anyways, I was reading this article in the WSJ and soon as I read this quote, I thought of you! ------- Tony Puccio, a Garden City resident, said he supports a new coliseum and doesn't want the Islanders to leave, but plans to vote no. "I think that it's too much on the taxpayers to have to bear the burden of the bond and the payment of the interest on the bond," he said. "I just think that if it's such a good deal that the owner of the Islanders should spend his own money for it, with maybe some help from the county." http://online.wsj.com/article/AP9d4045eb5d564123b3a2698750fa4aad.html?KEYWORDS=nassau+coliseum
Eric N. July 29, 2011 at 06:13 PM
Merrickguy, Why would or should Wang pay for construction of an arena he is a tenant in, not an owner of? Despite the ridiculousness of that position Wang has in fact agreed to pay anywhere from over 50 percent to 100 percent plus of the cost. This is no sweetheart deal for Wang. It is a good deal for the County and the taxpayers. Little risk if you vote yes (26 cents per week per household worst case scenario). If you vote no and islanders leave it will cost the taxpayer more than that, plus loss of jobs, loss of quality of life, and loss of economic activity. Only one answer. Vote YES 8/1.
Mac July 29, 2011 at 06:22 PM
Not that I agree 100% with Eric that is a good question. Why should the tenant after being rebuked on buying and developing the land pay to build a new arena at his cost? Why would a tenant build a property for the use of himself and others while paying rent and sharing revenue? Does this make sense? Can anyone answer this? I think it should be done privately BUT the county refuses to sell the land. So what is the answer?
Steve July 29, 2011 at 06:32 PM
http://www.nypost.com/p/news/opinion/editorials/vote_no_on_nassau_boondoggle_loisJFcmFjjf0r85lmHPjI
Mr Garcia, Please enjoy your weekend! Not to sure why this post was directed my way, though very happy to answer. A} I am not Eric. Do know now him or have any affiliation aside from a shared support of the important YES vote. B} Happy to be friends with any good, kind intelligent person. C} That you, and only you, responded truly confirms my post. Fact. Not assumption. D} Ain't democracy grand? That you can (well sort of) believe you're cancelling out my vote is a privilege we should never take for granted.
Eric N. July 29, 2011 at 08:18 PM
Newsday supports a YES vote, even while incorrectly citing the $58 figure. Link is below. http://mobile.newsday.com/inf/infomo;JSESSIONID=CCBD96FA115E2568D650.3133?site=newsday&view=opinion_item&feed:a=newsday_10min&feed:c=opinion&feed:i=1.3061481
Vincent July 29, 2011 at 08:47 PM
Eric N., isn't News12 Long Island part of Newsday. Sir, they are both in the tank for this debacle. Check this link: http://www.newsday.com/long-island/nassau/comptroller-140-million-gap-in-nassau-1.3061348. And Eric BTW you forgot to say vote yes.
An tUasal Airgead July 29, 2011 at 11:26 PM
NIFA – July 29, 2011 – On July 14th, as required by New York State law, NIFA directed the County to submit a revised Multi-Year Financial Plan with a prescribed format for Fiscal Year 2012. The County submitted their reply last evening which was unresponsive to NIFA’s order. The reply submitted by the County ignores NIFA's direction to remove questionable revenues or make equivalent adjustments of $225 million for the 2012 Fiscal Year. The State statute establishing NIFA clearly delegates to NIFA the power to determine what revenues may be included and what must be removed by the County. The County’s continued reliance on “other financing sources,” such as borrowing, is not revenue and cannot and will not be accepted by NIFA. As stated in the NIFA statute, NIFA can reject a financial plan because the plan “fails to provide that operations of the county and covered organization will be conducted within the cash resources available according to the authority’s revenue estimates…” [emphasis added]. The statute states in a control period, NIFA “….shall exercise the rights of approval, disapproval and modification with respect to the financial plan, including but not limited to the revenue estimates contained….” Thus, given NIFA’s resolution of July 14th, the County has failed to submit a balanced financial plan for 2012 by July 28th and is now in violation of the NIFA Act. http://www.nifa.state.ny.us/docs/NIFAPressRelease20110729.pdf
The Drew would rather take advice from Chris Melvin, a lawyer with the firm of Nixon Peabody, who negotiated the deal for Nassau County to redevelop and lease the Coliseum. Chris Melvin, who many consider a "sports stadium expert." Says Ed Ambrosino: "The reason we hired Chris Melvin is that before he was at Nixon Peabody, he was the banker who financed Disney and he's done the last 30 stadium deals in the country," Ambrosino said. "Is this a perfect deal? Absolutely not, but it's the best [Chris] has seen on the municipal level."
Mac July 30, 2011 at 10:53 AM
Atom thanks for joining the conversation but your facts are way off base. The Coliseum does make money now it is called revenue and you can find the numbers by clicking on a number of links here. The Islanders are heading in the right direction now but a new arena will allow the team to land free agents that stay away. The coliseum was voted the worst arena and ice surface in the NHL by the players. Will a new stadium help them get better yes.Losing the Islanders will be a big blow to LI but it has nothing to do with traffic. I dont know how many games or events you go to but the Meadowbrook and Trpke are NOT "jam packed" for hours before and after a game. Islander game starts at 7 I leave my house in Levittown at 630 and get there in 15 minutes. That is just completely wrong. Does traffic increase yes but it increases no more than the areas around Any arena or stadium. Ever go to Yankee stadium? Not really sure what negative effective for Uniondale and East Meadow you are talking about. Yes you are right teachers, lawyers and bankers will not have the skills to build on the site but what about the construction workers, steamfitters, electricians, plumbers or engineers that would be needed? Would those unemployed struggling people be able to work? The financial hole is true Gulotta left 100m , Suoxxi 165m MAngano who knows but taxes will go up and the coliseum will close. Where do we make up that revenue? If you are going to vote yes or no at least have an understanding.
An tUasal Airgead July 30, 2011 at 11:22 AM
List of August 1st Special Election Temporary Polling Place Changes in Nassau County http://www.nassaucountyny.gov/agencies/BOE/August1stSpecialElection.htm
Eric N. July 31, 2011 at 08:04 PM
Vote YES to save and create jobs, save and create revenue. A YES vote may profit taxpayers but at worst will cost $13.80 per household per year. A no vote, if successful, will ultimately cost tax payers $16 per household per year, as well as loss of jobs, revenue and economic activity. Being proactive about future of Nassau County is actually cheaper! Vote YES!
Tideline July 31, 2011 at 08:51 PM
Vote yes, if you want your taxes to go higher. Tomorrow, you will lose. Beleive the above numbers, since Gov't is always brings in large union construction projects on time and ON BUDGET, LOL. Eric is acting as a paid Lobbyist, but will not say whom is paying him for his 24/7 efforts. Eric should close each comment with, "this has been a paid announcement". Pardon me, I have to go, I just saw another Wang sign saying to vote Yes.....
Eric N. July 31, 2011 at 08:55 PM
Tideline, If you are taking down signs to save your household 26 cents per week, you truly have my sympathies.
Tideline July 31, 2011 at 09:02 PM
Eric N, says the paid Lobbyist. Do you think I can get a consulting job with the Mangano/Wang firm ? Tomorrow, when you lose, you have my sympathies. Perhaps, they will engage your services again.
dooleyman July 31, 2011 at 09:08 PM
vote tomorrow
Eric N. July 31, 2011 at 09:19 PM
make absolutely no sense to me. Spend more tax $ per household to lose jobs and economic activity. Brilliant....NOT. vote YES. it is the only rational vote.
Daniel Garcia July 31, 2011 at 09:48 PM
If he's of age and registered, I'm looking forward to cancelling out Eric's vote, early Monday morning. VOTE NO, MONDAY AUGUST 1, 2011
SeanyA July 31, 2011 at 11:40 PM
I'm voting yes. Ive been all over the information and its the only vote that makes sense to me.
An tUasal Airgead August 01, 2011 at 11:56 AM
Whatever your position, GET UP AND GO VOTE!! DO NOT RELY ON OTHER PEOPLE TO VOTE YOUR WAY because you are too lazy to do it yourself! If you hate this deal (as I personally do) then GET UP AGAIN, in NOVEMBER and vote out anyone that had a part in it! Vote again in the following elections to do the same! Wang is a businessman. If someone offered you a good deal, you would take it too. Don't blame Wang, blame the game .... the game being played by the current administration in Mineola! These people are in office because we put them there. You can type all the comments you want to, but if you don't exercise you right to vote, because it may be inconvenient, then you are part of the problem too.
Drew Art Guy @ Sunflower Fine Art Galleries August 01, 2011 at 07:02 PM
Here's the Drew Plan: 1.Hold 2.Vote 3.Cross 4. Pray
Drew Art Guy @ Sunflower Fine Art Galleries August 01, 2011 at 07:16 PM
1. Hold your nose- deal is far from perfect 2. Vote your heart and gut. Or you're squandering your voice & right to complain. 3. Cross your fingers that this becomes what's been promised and we deserve. 4. Pray that the political bickering that's stalemated LI forever takes a backseat to the voice of the people. That we move forward to a brighter future. Not the negativity, distrust , apathy and corruption that have long been our most prominent export.
Drew Art Guy @ Sunflower Fine Art Galleries August 02, 2011 at 03:11 PM
The public wants what the public gets.

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