Nassau County, NY Residents Reject Plan to Fund Sports Complex

With 99 percent of precincts reporting, the vote was 57 percent against to 43 percent for the referendum, according to the Board of Elections website.
. . .
Opponents warned of property tax hikes and noted the borrowing over its 30-year life would cost some $800 million.
. . .
“We’ll continue to try to move forward with progress. We know something has to get built here,” he said. “I have thousands of guys sitting at home now,” out of work.

Here. Being out of work is horrible. Building the structures may create some temporary and permanent jobs but the investment has to pay off. Would the return on investment been more than the total expenses? It usually does not with publicly financed projects, so in this case the voters did the right thing.


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