Coliseum would mean rise in commercial tax
Photo credit: Danielle Finkelstein | The Nassau Coliseum. (July 15, 2011)
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If Nassau voters approve $350 million in borrowing to build a new Coliseum, commercial property owners will see their taxes rise to pay off the debt.
They would bear $4.8 million of the $25.6 million in annual debt service and utilities would pay $1.2 million. The remainder, $19.6 million would be paid by residential property owners, according to the independent Office of Legislative Budget...
