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Report: Dolans Cancel July 4 Fireworks Outside L.I. Mansion

OYSTER BAY, N.Y. (CBSNewYork/AP) -- A popular July 4th fireworks display at the Long Island estate of a well-known billionaire has been canceled.

The announcement reported Thursday by Newsday comes a year after a fatal boat accident involving spectators at the annual
celebration.

A statement from the Dolan family said there were a number of private reasons for the cancellation.

"The family is aware that many people make plans around the fireworks and wanted to get the word out early. The reasons are private as is the party," the statement to Newsday said.

The Dolan family, led by Cablevision chairman Charles Dolan, owns several properties on Oyster Bay harbor.

A 34-foot boat with 27 passengers capsized last summer leaving the fireworks show.

Sunken Boat Pulled To Surface Off Oyster Bay
A boat that capsized, killing three children, is seen being lifted from the Long Island Sound on Wednesday, July 11, 2012. (credit: CBS 2)

Three children, 8-year-old Victoria Gaines, 11-year-old Harlie Treanor and 12-year-old David Aureliano, were killed. Investigators said they were trapped in the boat's cabin when it capsized.

The 24 other passengers on board were rescued by other boaters in the area.

In January, the Nassau County District Attorney's Office said the investigation into the boat's sinking uncovered a "unique combination of circumstances that led to this specific boat's capsizing."

The investigation also found "gaping holes in the maritime regulatory system and contributory design flaws in the vessel."

No criminal charges were filed.

Police said at the time, the Dolans had the proper permits to operate a fireworks display.

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