The Lighthouse
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- Aug 1, 2011
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Without Belmont, goodbye Isles
By Randi F. Marshall @randimarshall
"Most Isles fans and observers are familiar with the team’s past money problems. They know that without a successful home, it’s a lot harder for the team to invest in itself, attract talent and build a Stanley Cup contender.
Enter Belmont. The planned new arena, plus the rest of the development, could give the Islanders its first solid financial footing, while offering the comforts of home ice that fans love about the Coliseum. And, in turn, the arena, when combined with the hotel and retail village, could give the region its own economically vibrant destination with jobs, added tax revenue, and new visitors ready to spend money in the area.
The anti-corporatist cloud that mushroomed during the Amazon debate isn’t going away. So, there’s little doubt that pushback on the Belmont project will continue, not just on traffic and transit, but also on planned tax exemptions and payments in lieu of taxes. State officials and the developers have to be prepared for that, and must address concerns.
But there’s also little doubt that if the Amazon opposition spreads to major projects like Belmont and beyond, the Islanders’ future isn’t the only thing at stake. The Island’s economic future is, too."
Marshall: Without Belmont, goodbye Isles
By Randi F. Marshall @randimarshall
"Most Isles fans and observers are familiar with the team’s past money problems. They know that without a successful home, it’s a lot harder for the team to invest in itself, attract talent and build a Stanley Cup contender.
Enter Belmont. The planned new arena, plus the rest of the development, could give the Islanders its first solid financial footing, while offering the comforts of home ice that fans love about the Coliseum. And, in turn, the arena, when combined with the hotel and retail village, could give the region its own economically vibrant destination with jobs, added tax revenue, and new visitors ready to spend money in the area.
The anti-corporatist cloud that mushroomed during the Amazon debate isn’t going away. So, there’s little doubt that pushback on the Belmont project will continue, not just on traffic and transit, but also on planned tax exemptions and payments in lieu of taxes. State officials and the developers have to be prepared for that, and must address concerns.
But there’s also little doubt that if the Amazon opposition spreads to major projects like Belmont and beyond, the Islanders’ future isn’t the only thing at stake. The Island’s economic future is, too."
Marshall: Without Belmont, goodbye Isles
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