A major area of concern for Nassau residents has been the cost of the arena to the homeowner. Numbers have been thrown around by the opposition, but Nassau County's Office of Legislative Budget Review has indicated findings show the net effect to taxpayers would only be $13.80 per average household each year or 26 cents per week. Those 26 cents each week would help save existing jobs and revenue streams as well as create new jobs and revenue streams.
Furthermore, the report indicates the Islanders have been conservative when making projections on the number of events to be held at the new arena each year. The Islanders have projected 158 events per year, while the OLBR's findings in 2006 showed the existing Nassau Coliseum has historically held 197 events per year, but that a new arena could host as many as 226 events per year.
Another area of concern has been attendance at Islanders games. Camoin, an independent firm brought in to assess the economic impact of the new sports and entertainment complex, has produced findings that were based off lower numbers than the Islanders assessment. This is misleading because included in the Camoin assessment was the lockout seasons of 1994-95 and 2004-05 and need to be eliminated from review. The attendance projections become very realistic if those years are removed.
The Islanders lease on the existing Nassau Coliseum expires at the end of the 2014-15 season, which means the team will remain in their current building for four more seasons. With an exciting team taking the ice, attendance numbers are expected to rise, making the attendance predictions easily achievable.Click here
to read the report.