Id suggest the heavier artillery, as in the
Panther Brigade Othmar......
NIFA scolded the county for failing to make any changes to their budget from the last version, creating some "
Phantom Revenue Streams" for such things as
Red Light Camera Tickets & such, the county firing back that theyve cut 1200 jobs etc. Somewhat dysfunctional.
Though they (NIFA) have made no comment on the LightHouse Project, and wont be doing so until after the voters have their say, they did include a statement of facts on the proposed development which is rather interesting. Points 4, 5, 8; and in particular,
number 6.....
1) Total cost to Nassau County is $800M+ over 30yrs.
2) Taxpayer burden is an increase in property taxes of 3.5-4%.
3) New arena cost is app. $350-375M leaving $25-50M leftover for the rest of the project.
4) Rent from tenant does not cover annual debt service costs to taxpayers.
5) Tenant is exempt from paying taxes on arena & surrounding acreage.
6) Islanders are not listed as original tenant, rather, Arenaco SPE LLC.
7) Surrounding acreage to be leased to tenant under development control of HUB.
8) Tenant pays no rent until all construction is completed.
9) County responsible for all construction costs if tenant goes bankrupt.
I
t would appear that Charles Wang, like Patrick McGoohan in The Prisoner, whose number was also Six, could find a creative way to escape the Island if things dont pan out to his liking.....
).
