A year ago Town Toyota Center was used as an example of how arena spending could drag down the finances of a medium-sized city. Today, after some slight adjustments in the revenue formula, the arena receives a small city subsidy and is back on solid financial ground. (more…)
In the end, it wasn’t even close: by a margin of 57 against and 43 percent for, Nassau County voters overwhelmingly rejected a bond referendum providing $350 million for a new New York Islanders arena. The vote would have borrowed $400 million for a new arena and a $50-million minor-league ballpark. There certainly was a […]
