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07-13-2011, 11:58 PM
  #41
Isles Junkie
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Quote:
Originally Posted by Jonathan. View Post
It will be replaced with something else that will make money. Tax money should never be used to fund stadiums. Ever. Your owner is filthy rich. Let him fund it.
He wanted to fund a renovated NVMC & the Lighthouse Project. the Town of Hempstead said no. Why should he fund a building that he isn't going to own anyway? How about you go and build a house and then pay me rent for you to live in it.

What else is going to go there? Another stinking mall? is that what Long Islanders needs? Another place to shop and eat? Roosevelt Field is like 3 minutes away. More housing? ok fine, enjoy the more housing & the increased property taxes that go along with it.

Taxes aren't paying for it anyway. Not in the sense that you're talking about. Tax $ is fronting the bill & they're being paid back + profit over the course of 30 years. 14 million a year at a minimum x 30 years = 420 million dollars. so the county profits from this even if no one ever shows up.

I guarantee that no matter what they build there, your property taxes will increase a hell of a lot more then they will to build a new coliseum.

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