Update:
The new proposal would consist of a 30YR loan/bond paid for by Nassau County, amount unknown at this time.
To become a reality, the county legislator would have a vote on the referendum August 1st to be voted on by the county. Then, the legislature would vote on the project and finally, the New York finance authority (overseeing all of Nassau county’s finances) would oversee the economic data.
All 3 of these things will need to happen.
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