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Friday, August 5, 2011

Islanders

Earlier this week voters in Nassau county, Long island voted against a proposal to overhaul the current Nassau Veterans Memorial Coliseum, home of the NY Islanders since 1972.  Voters in Nassau who already pay some of the higher taxes in the country, voted against the general obligation bonds which would have raised taxed about 4 percent.  Although the people in the county would have to pay a little more, saying yes to this measure would have meant added revenue and an arena that would host not just hockey but concerts and the circus as well.  The vote did not pass and afterwards Mr. Wang (who owns the Islanders) was very disappointed but said the team would honor it's lease on the building which is up in 2015.  When the teams lease is up, the team could be forced to move although Mr. Wang desperately wants to keep the team on Long Island.          

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