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Nassau Brings in Barclays Developer for Coliseum Property

Forest City Ratner Companies tapped to transform Coliseum; sports alternatives to be considered in redesign.

Nassau County announced Tuesday its plans to "reinvent" the Nassau Coliseum by bringing in Forest City Ratner Companies (FCRC), the same developer responsible for Brooklyn's Barclay's Center.

The project to develop the dated Coliseum recently took on an added dimension after the New York Islanders announced plans to relocate some 25 miles west to the same Barclays Center at the beginning of the 2015-16 NHL season.

Bruce Ratner, Chairman and CEO of FCRC, joined Islanders owner Charles Wang and County Executive Ed Mangano to announce the FCRC's plan to create a strategic Reuse Plan for the Coliseum to help transform the venue into becoming what the county described in a press release as "an attractive, state-of-the-art destination for sports and entertainment."

"We need to get something done with the Coliseum and there is no better person than Bruce to entrust for this project," Wang said. "... Once we have his road map, we must work together to bring this to fruition. There are too many jobs at stake and this is too important for Nassau County."

The plan, which will be completed within the first half of 2013, will consider "sports alternatives as an integral part of the ultimate redesign," according to a release.

RELATED: Finger Pointing Begins Amidst Islanders Move to Brooklyn

Mangano also announced Tuesday the selection of a Master Developer Team, led by Renaissance Downtown, for the purpose of coordinating development on the 77-acre Coliseum site.

"In the weeks and months to come I believe the development community will be excited by the potential of what Bruce, Charles and our team all bring to the table. We envision a solution that creates investment and makes the Hub the destination that we so desperately need for Long Island," said Don Monti, President of Renaissance Downtown.

The Islanders had spent more than a decade trying to land a new arena on Long Island before announcing the move to Brooklyn following the 2014-15 season when the team's lease at the Coliseum expires.

KP LIslander November 28, 2012 at 05:32 PM
Maybe it's me, but I seem to be missing something here. Mangano announced plans to "reinvent" the Nassau Coliseum by bringing in Forest City Ratner Companies, the same developer responsible for Barclay's Center. This is "to help transform the venue into becoming what the county described as 'an attractive, state-of-the-art destination for sports & entertainment.' " Really? Mangano is doing this NOW, after Wang's hand was forced by the TOH & Nassau County & was left with no choice but to move? Why now? Why couldn't this have been considered BEFORE Wang was left with no option but to move to Brooklyn? How is that going to be paid for? And how would the manner in which this is to be paid for now be any different vs. how such a course of action would have been funded with the Isles kept in place in Uniondale? I don't get it. I would really like to see the media ensure making it a point to highlight this valid & legitimate aspect in order for this to be rightly addressed as it should be & not glossed over, minimized, trivialized & conveniently brushed under the rug. What a bunch of f&^%ing short-sighted baffoons trying to cover their a$$ in vain. Yet more of the same nonsense from the same inept, dysfunctional gov't officials being paid by the taxpayer. Mind boggling & unbelievable. Pathetic. And unconscionable that they even have the temerity to act as though they are not complicit or culpable, as if they have done nothing wrong. A-WH()Le$
Robert Demarco November 28, 2012 at 06:25 PM
Led by Kate Murray, TOH Supervisor, who vetoed Wang's proposal, which would have cost the taxpayers NOTHING, based on antiquated zoning issues. We need 21st century thinking, not 1950's ideas, Kate.
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