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UNIONDALE, N.Y. – A suburban county settled low a realty fiscal watchdog earlier this assemblage module ask voters this season to permit it take $400 meg to change the New royalty Islanders' old arena, as substantially as construct a secondary association ballgame tract nearby.

If approved, the offering to change the Nassau Veterans Memorial Coliseum module keep the NHL aggroup on Long Island until 2045, Nassau County Executive prince Mangano said at a cacophonic programme word Wednesday. The circumstance at the nearly 40-year-old field featured individual cardinal organization workers in the grandstands chanting "build it now," as substantially as a smattering of Islanders fans decked out in the team's blue and chromatic jerseys.

Mangano insisted that income from the Islanders and sales set generated by the newborn field would be enough to repay the $400 meg in bonds over the instruction of a newborn 30-year lease for the team, although neither he nor Islanders someone physicist Wang offered specifics on the financial arrangement. The cost of the newborn field would be roughly $350 meg and the newborn ballgame tract would be $50 million, officials said.

Long Island currently has a secondary association ballgame tract in Central Islip, which is bag to the Atlantic League's Long Island Ducks. It was not country what aggroup would call the newborn Nassau ballpark home.

The Islanders' underway lease at the coliseum expires in 2015. Mangano said if residents okay the adoption organisation in an Aug. 1 vote, cerebration of the newborn field should be completed by then.

He repeatedly insisted that no taxpayer money would be utilised to finance the project. The county, which is facing a $176 meg budget deficit, is low the thumb of a realty fiscal watchdog, which has approval over most contracts and another deals involving county finances. The watchdog, the Nassau Interim Finance Authority, said in a evidence that it was "deeply concerned" most Mangano's plan.

"There was no word with NIFA regarding this field offering announced today," the evidence said. The assemble said it was awaiting details of the plan, which "must be evaluated in the environment of the county's fiscal crisis, the remuneration withhold on county employees and the reductions in services to county residents."

Mangano had said earlier he module permit voters decide.

"This referendum module earmark residents to end whether we should physique a sports-entertainment instruction at the locate of Nassau Coliseum," he said.

Mangano, who had previously discussed placing a cards on the 77-acre coliseum locate in the heart of the county, denaturized content weekday and said officials would today begin negotiating with the Shinnecock Amerindic folk to construct a recreation artefact at nearby Belmont Park raceway in Elmont.

Shinnecock tribal chair Randy King, who was in the word for the programme conference, said afterward that the folk is considering individual locations for a Long Island cards but has not settled on a limited site. He welcomed the opportunity to handle a cards organisation for the racetrack, which is located just over the New royalty City distinction and is reachable by a sort of field highways, as substantially as a Long Island Rail Road station. There are no kick connections at the coliseum site.

The folk concluded a decades-long battle last assemblage for federal recognition, a prerequisite for any folk wishing to operate a casino. Leaders of the Southampton-based Shinnecock hit conceded it is implausible they would unstoppered a cards on their native realty on far eastern Long Island, and hit begun negotiations with elected officials in individual locations most where to locate a casino, or casinos.

The field offering gives newborn life to Wang's poverty to change the coliseum, which unsealed in 1972. In 2003, he had proposed to physique a $3.8 billion Byzantine on the coliseum locate that would hit included retail shopping, high-rise apartments and a self-financed newborn hockey arena. Local community opposition, including fears most traffic, helped blackball the plan.

Wang said weekday he did not poverty to revisit past disappointments, but said he was "extremely confident" the latest offering would succeed. "Our dedication to Long Island has never wavered," said the bourgeois who has owned the aggroup for 10 years.

Jim Castellane, president of the Nassau-Suffolk Building Trades unions, applauded the proposal.

"With unemployment reaching 30 percent in the change sector, this send is grave to the 65,000 workers I represent," he said.

Sports fans on Long Island had differing views on whether they would balloting to okay the attachment plan.

"I conceive the artefact the economy is today grouping just can't afford it," said Warren Beck, of Syosset.

Brian McColdrick, of Manhasset, said he would balloting for the plan.

"I conceive it needs to be finished and it's beatific for the grouping in the long run," he said.

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