Analysis: Town plan comes up short on revenue
Quick ReadA Newsday analysis shows that Hempstead Town's new plan for the land surrounding Nassau Coliseum could cut the potential for moneymaking development by nearly 75 percent.
Murray defends Coliseum plans
New Coliseum plan
Galleries
Lighthouse plans
Web links
An in-depth look at the Coliseum project
It's pretty much a truism among developers: There's no money in building a new hockey arena, convention center, or lots and lots of parking. The profits come from building housing, office space, restaurants and stores.
But a Newsday analysis shows that Hempstead Town's new plan for the land surrounding Nassau Coliseum could cut the potential for moneymaking development by nearly 75 percent,...
