Nassau Events Center plc has won the job to overhaul Long Island’s top sports and entertainment destination after a tendering process that saw the company compete with Madison Square Garden Co. The deal is billed as a “public-private partnership” resulting in the “construction of a 100% privately financed Coliseum that will share revenue with the County at zero expense to the taxpayer.”
A press conference announcing the selection was attended by, among others, Nassau County Executive Edward P. Mangano will be joined by Bruce Ratner, Executive Chairman of Forest City Ratner Companies; Brett Yormark, CEO of Barclays Center and the Brooklyn Nets; Chris Charlier, Deputy Chief Executive Officer of Onexim Group, Chairman of the Board of the Brooklyn Nets, and Director of Barclays Center; David Blumenfeld, Principal of Blumenfeld Development Group; Alan Ostfield, President, North Atlantic, Live Nation; Jason Isley, President of Roc Nation. Ratner said:
We are grateful to be selected to revitalise Nassau Veterans Memorial Coliseum. I would like to thank Nassau County Executive Ed Mangano and his team for a transparent and well-managed process. We understand and proudly accept the tremendous responsibility that accompanies this project and the impact it has on future generations of Long Islanders.
We will bring over 300 events here. Two hundred have already been committed. Whether it’s college basketball, boxing, the Islanders for six games, rock concerts, country music, hip-hop, whatever your taste, we will have it for you.
Nassau Coliseum opened in 1972, and while it has undergone numerous improvements over the years, this will be the biggest renovation the building has ever seen. Ratner’s plans include building restaurants, a movie theatre, a theatre club, bowling alley and a winter outdoor ice rink on the land around the Coliseum.
This will provide decades of quality entertainment to residents of all ages, while paying tribute to the fond memories many of us have of historic concerts, sports, and family events many of us have held over the years.
Ratner added that the timing of the Islanders move to Brooklyn’s Barclays Center is still the 2015-16 season. Coliseum renovations will begin during the summer of 2015, with the building set to re-open by September 2017.
Nassau County Legislature approval is still required. Two years ago voters rejected funding for a new arena.
Rendering courtesy SHoP Architects.