LighthouseLi.com
Title
Long Island Lighthouse
Description
Excerpted from the website:
- Dr. Kamer's economic analysis of the Lighthouse development forecasts incremental revenues in excess of $100 million over 30 years to Nassau County as a result of the Coliseum transformation and Sports Complex construction. A similar analysis conducted by Stafford Sports LLC estimates that county tax receipts will total more than $185 million over twenty-five years from the transformed Coliseum alone. According to Stafford Sports, New York State would receive $3 million in incremental sales tax revenues during the first season of operation; Stafford estimates that sales tax revenues will approximate $5 million as compared to the State's current tax receipts of nearly $1.7 million from the Coliseum operations. The MTA, which currently receives $100,000 in annual sales taxes from the operation of the Nassau Coliseum, would get an estimated $280,000 in year 1 as a result of the improvement. Over a period of twenty-five years, New York State would get over $155 million in sales tax revenues and the MTA would get almost $9 million from the improved Coliseum, a total of more than $164 million. Stafford projects incremental tax benefits to New York State and the MTA at about $122 million over twenty-five years.
Languages
English
Address
- 5 Sagamore Hill Rd
- Oyster Bay NY 11771 US
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