Above is a table that appeared in a 2006 report commissioned by Democrat Tom Suozzi when he was County Executive regarding redevelopment proposals of the Hub. The chart estimates the revenues of a new Coliseum from 2009 through 2035. As you can see, it estimated Coliseum revenues rising from a bit over $200M in 2009 over $400M in 2035.
If a new Coliseum realized these revenues, the payments received by the County under the proposed revenue sharing agreement would be around 30% higher than the payments projected by Mangano, would easily cover the debt service and would yield the County a hefty profit.
The question for anti-arena Nassau Democrats: Why are you telling County residents that voting Yes on August 1st is going to cost the County $12 million a year? Were you lying to Nassau residents then or are you lying to them now?
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