Calling it a “major benefit for Bergen County taxpayers,” Kathe Donovan, Republican candidate for Bergen County executive, applauded a governor’s commission proposal to dismantle the New Jersey Sports and Exposition Authority.
Donovan called for the elimination of the Sports Authority in May.
By privatizing authority facilities in East Rutherford, “local and county taxpayers will finally have the opportunity to realize reasonable tax benefits from newly taxable ratables.”
The new stadium shared by the New York Giants and New York Jets “should also be subject to equitable taxation along with the IZOD Center and the Meadowlands Racetrack,” added the Republican candidate.
“Private race track operators and arena operators have long sought to privatize these facilities,” said Donovan. “This would create new ratable income for East Rutherford and the county and provide new opportunities for current full and part time employees.”
Donovan said the commission’s recommendations to provide public financial support for Xanadu needed additional review.
“Before any state support is committed to this project we should be fully aware of the public’s risk,” she said. “However, the potential for construction and full time employment should make this project’s ultimate success a top priority.”
Donovan is challenging Bergen County Executive Dennis McNerney, a Democrat.