Ratner's Nassau Coliseum Plans See Opposition From Local Developer
Forest City Ratner Chair & CEO and Nets investor Bruce Ratner is "facing some surprising opposition in his bid" to renovate Nassau Coliseum. Long Island developer Ed Blumenfeld today is "expected to unveil" a rival $200M plan that "calls for the demolition" of the venue. Blumenfeld "plans to build a much smaller arena, in line with the Nassau County’s plans, along with an adjoining convention center," according to sources. Blumenfeld plans to "privately finance construction and to share 20 percent of the net profits" (N.Y. POST, 5/2).
Ratner, alongside Nets and Barclays Center CEO Brett Yormark, today at noon ET will present their plans for Nassau Coliseum to the Nassau County Business Advisory Council (THE DAILY).