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Message: [QUOTE="maxxyz, post: 2550501, member: 350"] Its actually a smaller building than the current War Memorial. $63 million is about 25% of the new cost of a small arena (<20,000 seats). The Yum Center (which has been hemorrhaging money since it opened) cost was in the $250 million range . Estimates on the final cost of Joanie Mahoney's pipe dream was in the $400 million range. And as much as Stephanie Minor was difficult, in this case she was right. Annual costs to maintain and run the arena project was over $2 million annually with no budget support. The OnCenter gets millions in County support annually. Locals would get hit with a property tax increase to cover that cost. But Joanie & Andrew didn't want to talk about that. It was in the best interest of CNY residents to hit the brakes. And Cuomo is trying to unload the Fairgrounds so the state doesn't pay the overhead. Who picks up that tab? Because the money has to come from somewhere. [/QUOTE]