Issue of the Week

Should Nassau Coliseum developer, Bruce Ratner, receive more than $4.4 million in tax breaks?

(66 votes)
Vote up!
31.88%
(141 votes)
Vote down!
68.12%
207 votes

According to Newsday, Nassau Coliseum developer, Bruce Ratner, has applied for more than $4.4 million in tax exemptions ($3.37 million is sales tax and $1.1 million in mortgage tax). Those in favor of tax exemptions say Ratner's firm, Forest City, expects to spend $261 million, including $90 million in Chinese investment, to renovate the arena, create jobs and improve the area. Those against the tax breaks feel they are just another example of corporate welfare, and unnecessary for a profitable project.

Nassau County Weather

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Reported by La Guardia Airport on:
Tue, 08/04/2015 - 08:51

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