New developer for Nassau Coliseum - Dallas News | myFOXdfw.com

New developer for Nassau Coliseum

Posted: Updated:
NEW YORK (MYFOXNY) -

For renovating the aging, worn out Nassau Coliseum, the choice was between James Dolan's Madison Square Garden Company versus a company affiliated with Barclays Center developer Bruce Ratner.

Nassau County Executive Ed Mangano followed the unanimous recommendation of a county committee.

"I am pleased to announce that the Nassau Events Center LLC is the successful proposer to transform the 43-year-old Nassau Veterans Memorial Coliseum and plaza," Mangano said.

The plan from Nassau Events Center, run by Bruce Ratner, won by offering the county more money in rent over the course of the lease, for example.

Mangano said MSG offered $112 million while NEC offered $194 million. Mangano emphasized that no taxpayer money will be used. And instead of losing more than $2 million a year, the county, if all goes as planned, will make $2 million a year.

"We are ready to get to work to deliver a world-class Coliseum and a thriving sports, entertainment and retail center that long Island deserves," Ratner said in a statement.

Meantime, Dolan's MSG noted: "While we are disappointed with the County's decision, we are not at all surprised given the history of this project, and will be watching closely as this process moves to the county legislature."

Donald Monti, the CEO of the company set to transform the 77 acres next to the Coliseum, called the decision a victory for taxpayers, who, he said, will in a few years see a sporting venue, a retail campus and more.

Although the New York Islanders hockey team, which has played at the Coliseum since 1972, will be moving to Brooklyn' Barclays Center in 2015, the deal calls for the team to play a few games in the renovated Coliseum. The Brooklyn Nets, who also play at Barclays, will also play some games at the Coliseum.

If as expected the county legislature approves the plan, Ratner's NEC takes over the coliseum in two years through 2049.

  • Long Island NewsLong Island NewsMore>>

  • Dangerous rip currents at NJ, NY beaches

    Dangerous rip currents at NJ, NY beaches

    Thursday, August 28 2014 1:42 PM EDT2014-08-28 17:42:49 GMT
    The rip current risk remains high along the New Jersey and New York coastlines. Some beaches were open to the public but closed to swimmers. The National Weather Service issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
    The rip current risk remains high along the New Jersey and New York coastlines. Some beaches were open to the public but closed to swimmers. The National Weather Service issued a High Surf Advisory and Rip Current Statement for the area beaches because of the effects of Hurricane Cristobal, which is expected to track south and east of the Jersey shore through Thursday.
  • Hunt for forklift robber

    Hunt for forklift robber

    Wednesday, August 27 2014 11:39 AM EDT2014-08-27 15:39:16 GMT
    Police on Long Island are asking for the public's help in finding a forklift thief.  The bright yellow vehicle went missing Monday between 2 p.m. and 5 p.m. from its parking spot near a building in Riverhead. One or more people used a flatbed tow truck with a white cab to remove the Caterpillar forklift.
    Police on Long Island are asking for the public's help in finding a forklift thief.  The bright yellow vehicle went missing Monday between 2 p.m. and 5 p.m. from its parking spot near a building in Riverhead. One or more people used a flatbed tow truck with a white cab to remove the Caterpillar forklift.
  • Teen sentenced for deadly crash

    Teen sentenced for deadly crash

    Tuesday, August 26 2014 2:10 PM EDT2014-08-26 18:10:11 GMT
    A Queens teenager who admitted smoking marijuana and speeding before crashing into a tree in 2012, killing four of his friends on Long Island, was sentenced to 5 to 15 years in prison on Tuesday.  The judge decided against a four-year youthful offender sentence for Joseph Beer, who was 17 at the time of the crash.
    A Queens teenager who admitted smoking marijuana and speeding before crashing into a tree in 2012, killing four of his friends on Long Island, was sentenced to 5 to 15 years in prison on Tuesday.  The judge decided against a four-year youthful offender sentence for Joseph Beer, who was 17 at the time of the crash.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices