NIFA and the unspoken, spoken word and notes

The Nassau County Interim Finance Authority or (NIFA) is a public benefit corporation of the State of New York.  NIFA has the authority to monitor and oversee the County's finances, which include the HUB project championed by Nassau County Executive, Ed Mangano and Islanders’ owner, Charles Wang.

Chairman Ronald Stack said that NIFA wouldn’t offer its official “position” on the August 1^st referendum for the Nassau HUB/ Arena development project as of today.  What was explained is that the proposed budget plan was incomplete and did not give enough hard details for the present day and beyond.  This position was based on the economics of the proposal.  They concluded the meeting with saying more investigation would be made on their part if the referendum passes a public vote on August 1^st.  Based on the language, this writer sees another hurdle even if the vote passes.  We were told the FIFA would have the final approval, so lets hope Mangano and Wang can take what they learned today and improve their position with an approval vote on August 1^st.

The FIFA approval was previously discussed here.   http://knightofcups-bondi.blogspot.com/2011/05/update.html

Isles Notes:  The New York Islanders have once again brought back the talents of Jeremy Colliton, age 25 on a one year, two way contract.  Colliton is the Sound Tigers all-time leading scorer with 66 and 110 for 176 points in 285 games.  With the big club, he is 3 and 3 for 6 points in 57 games. 

The Islanders drafted Jeremy Colliton in the second round, 58^th overall, of the 2003 NHL Entry Draft.