SBD/Closing Bell

Guggenheim, Legends Part Of Bruce Ratner's Bid For Nassau Coliseum

Guggenheim Partners and Legends are part of Bruce Ratner’s team to redevelop Nassau Coliseum into a smaller 13,000-seat arena, according to the group’s proposal unveiled today in N.Y. As part of the Nassau Events Center proposal, Guggenheim, owner of the Dodgers, would be an equity partner with Legends serving as the arena’s food and retail partner. Live Nation, Roc Nation, architects SHoP and Gensler and Hunt Construction are also part of the team. Goldman Sachs would provide underwriting and financial advisory services. The group also has a plan to build two small concert venues as part of a mixed-use district next to the arena.

Onexim Sports & Entertainment, listed as Ratner’s co-developer, is owned by Mikhail Prokhorov, majority owner of the Nets. Onexim owns 45% of Barclays Center. Three other groups bidding for the project, including MSG, were also scheduled to make presentations today to a group of local business leaders and media.
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