It amazes me how Fenway Park, Wrigley Field are still in operation.
Chris Botta's take on the arena/referendum announcement:
http://sports.espn.go.com/new-york/nhl/news/story?id=6526985
If the bond repayment is covered completely by Coliseum generated revenues, that removes the one big stumbling block - modulo overly rosy revenue estimates (and any County backstop for any shortfalls) and any cost overrun issues.
Yeah rightI hope to see a big pr push from Wang,with tv/newspaper/radio ads over the next few months.He needs to educate Nassau residents,reassure them that they won't be on the hook to pay off these bonds.
What I don't understand is why Wang doesn't want to own the building? I thought his primary interest has always been real estate development and the LHP. Now that he's going with this new building, I don't understand why he wants to let the county own it.
Its going to take him 50 years to recoup his losses if he doesn't own the building imo. He's Hemorrhage so much money that even with a new building, he won't be making $25m a year profits.
Does anyone understand Wang's motives from a purely economic standpoint?
It amazes me how Fenway Park, Wrigley Field are still in operation.
there's a world of difference between Wrigley and Fenway and the Coliseum
And the mass transit issue of the area is still unresolved.
How much would it be to connect the LIRR to the new arena? I assume that was part of lighthouse.
I came here to post this question... Does this plan have no transit component? To me, that is a bigger problem with the current Coliseum than its age or lack of amenities.
What I don't understand is why Wang doesn't want to own the building? I thought his primary interest has always been real estate development and the LHP. Now that he's going with this new building, I don't understand why he wants to let the county own it.
Its going to take him 50 years to recoup his losses if he doesn't own the building imo. He's Hemorrhage so much money that even with a new building, he won't be making $25m a year profits.
Does anyone understand Wang's motives from a purely economic standpoint?
How much would it be to connect the LIRR to the new arena? I assume that was part of lighthouse.
People fail to realize when these are added to our taxes, were really paying around $20 to $80 a year extra in taxes, I know I waste that kind of money on crap I don't need. Even if I don't use the arena or anything like that, in the end it becomes a great investment for our community.
Is the Barclays Center anywhere in the discussion as a possible new arena? According to the wiki it will be able to host hockey games and since it's located on Long Island, it won't interfere with relocation issues with the Rangers. Sounds like the solution to me.
Which is it: fast women, cheap wine or slow horses?
Just kidding!
People flip out over tax increases, just a fact of life.
At the very least, some sort of event shuttle between the Hempstead LIRR station and venue could be worked out I would think. Right now the only reasonable option seems to be a cab.
The Islanders have been invited to play or preseason games there, but the configuration of the areana is not good for hockey.
I have been watching the progress of the building, its in a weird place and is shaped funny.