A new arena is needed to prevent the team from leaving Long Island.
With unemployment in the construction industry about 30 percent, unions view the development as a critical job generator.
Long Island Association
The region's largest business group says the plan will create jobs and spur economic development throughout the county.
Association for a Better Long Island:
Real estate group says the plan is a land grab that will "fleece" taxpayers and increase property taxes.
Twofold argument that the plan will raise taxes, while the Aug. 1 referendum on $400 million in borrowing is timed to ensure low voter turnout.