New York State Sports Authority
Need for Continuing Operations The New York State Sports Authority was created in 1973 to promote the further development of recreational opportunities in the State by facilitating the acquisition, construction, and rehabilitation of sports complexes, stadiums, arenas, and related facilities where professional and amateur athletic events could be held, thus providing a means of attracting and locating major professional team franchises in New York. According to the Public Authorities Law, the Authority is to exist so long as it has bonds or other obligations outstanding and until its existence is terminated by law. We examined whether there was a continuing need for the Authority to exist. We found that the Authority has been inactive for many years and has no outstanding bonds or other obligations. We therefore recommend that the Legislature act to dissolve the Authority.
For a complete copy of Report 2006-S-45 click here.