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June 11, 2012

NIFA Joking about the Coliseum


While George Marlin was complaining about Ed Mangano's plan to privatize Nassau County's sewer system he took a shot at the Nassau Coliseum.

 “This is a form of back-door borrowing,” he blasted. “Potential financial investors who invest money to public-private partnerships expect annual returns of 10 percent to 15 percent. To suggest that a private operator will achieve enough efficiencies to cover most of that cost and that assessments or user fees will increase no more than the rate of inflation—well, anyone who believes that, I have a coliseum in Hempstead I would like to sell them,” Marlin added
http://www.longislandpress.com/2012/05/31/mangano-vows-to-forge-ahead-with-nassau-sewer-privatization/2/

Well Mr. Marlin if you know that the coliseum is a dump and a money loser, why don't you actually become part of the solution instead  of making jokes.  If you and NIFA think things are bad in Nassau now just think how bad they will be with the lost of  revenue from the lost of the Islanders.

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