May 8, 2013

Maragos: Let’s Go Islanders! 3 Playoff Games Will Generate Over $4M in Economic Activity

Nassau County Government will receive about $500k from ticket tax, concession sales, parking, and sales tax

Mineola, NY- Nassau County Comptroller George Maragos conducted an analysis that indicates the New York Islanders hockey team playoff home games generate over $1 million each in overall economic activity. The Nassau County government coffers are estimated to earn over $500,000 for the first three games held at the Nassau Veterans Memorial Coliseum. Every home game the New York Islanders play, if sold out, generates about $166,000 in ticket tax, parking, concessions sold and sales tax.

“The buzz the Islanders have created by winning two games against the top seeded Pittsburgh Penguins is great for the sport but also great for our local economy,” Comptroller Maragos said. “Anytime the Coliseum can be filled to capacity, which is over 16,000 attendees for Islander games, the County receives a portion of the ticket tax, parking and concessions revenue.”

According to the Uniondale Hub Redevelopment Project Economic Impact Analysis of June 2011 each attendee to the Coliseum generates an indirect economic activity total of approximately $84. Consequently, the three sold out Islander playoff games will result in 16,170 attendees per game and generate an overall economic activity estimate of $4 million.

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Connect with Nassau County Comptroller Maragos Online:
http://www.nassaucountyny.gov/agencies/Comptroller/index.html