More than 10 millions in tax revenue. runners from all 50 states and 135 countries with many family and friends here. add to that is expected 2.5 mill john spectators and celebrate million expect a day fors andรง celebrate after. many of our overseas visitors come wednesday, thursday of race week. they bring three to four family members, friends with them. they are staying in the hotels. they are going out to the restaurants. they are going to see shows. this is a powerhouse, economic powerhouse for new york city?k the celebrating doesn t just finish at the finish line. 30 million dollars in charity money will be raised. 20 million dollars of that will go to new york city charities. it is a great cause. a lot of emotion going into today that will last a lifetime.
first shook. we re live in turkey with the latest. and i m carol costello. president obama about to unveil a new plan to help young americans go to college without going broke. details on the president s proposal on this american morning. captions by vitac www.vitac.com all right. good morning, everybody. it is wednesday, october 26th, and welcome to american morning this morning. buying car? so sorry for carter evans. i m going to find out what the number one car was. we have commercial breaks here. e-mail. paper. any tough questions for me? write them down before you ask them to me on tv. how s that? what s the meaning of life? we ll get to that one. a busy morning for you. up first, new clashes overnight between police in oakland, california, and occupy wall street protester. police in riot gear using tear gas on the crowds in oakland s city hall plaza. look at pictures. fascinating. some protesters throwing paint at the cop. dozens arrested despite
11,000 a game. eric: 350 million dollars are going to renovate it. where is it coming from, raise property taxes to pay for the colosseum? what the referendum would do would be to authorize a dedicated tax line in addition to the county tax, town tax, special district taxes. on one line you d have a redevelopment line, which would actually have to pay out about 29 million dollars a year or the debt service, and that would be a separate tax and that would obviously be added to the overall property tax bill. what gets me, the guy who owns the team, is a billionaire, and could he certainly build his own colosseum, but instead, because he wants to get out of the hockey business, he s somehow talked the county into this cockamamie plan so he can unload the team. in the six six to eight years, mr. wong had been part of what had been the lighthouse project. billions of dollars of private
Have to have anything extra to have a battle question. instead, doing it on a monday in august and we minimize turnout and i suspect, do everything nassau county possibly can to calculate the outcome. tell us how much money is involved. give us the numbers and how much that s going to cost for the upgrade on the colosseum and how much the taxpayers are on the hook for. 350 million dollars for a new state of the art colosseum. a colosseum by the way, which is in terrible condition. no question about that. but 350 million dollars taxpayer money would have to be used to renovate the colosseum, and additional 50 million dollars would be dedicated towards ball field and ancillary uses. right now, that particular aging colosseum holds what, 15, 16,000? holds about 16,000, right. steve: how many people show up for the hockey games. unfortunately the islanders have the lowest attendance in the national hockey league,
All the county legislature, myself included, on the ballot november 8th and we wouldn t have to have anything extra to have a battle question. instead, doing it on a monday in august and we minimize turnout and i suspect, do everything nassau county possibly can to calculate the outcome. tell us how much money is involved. give us the numbers and how much that s going to cost for the upgrade on the colosseum and how much the taxpayers are on the hook for. 350 million dollars for a new state of the art colosseum. a colosseum by the way, which is in terrible condition. no question about that. but 350 million dollars taxpayer money would have to be used to renovate the colosseum, and additional 50 million dollars would be dedicated towards ball field and ancillary uses. right now, that particular aging colosseum holds what, 15, 16,000? holds about 16,000, right.