Uniondale, N.Y. | Nassau Coliseum redevelopment

[NYguy]

Four development groups make pitch to redevelop the arena (including MSG and Barclay's Ratner)


http://libn.com/moversandshakers/201...um-developers/

Newsmaker of the week, Nassau Coliseum developers


Fri, May 3, 2013

The four developers vying to remake the Nassau Coliseum presented their plans to the Nassau County Business Advisory Council this week.

The developers, Forest City Ratner Co., the Madison Square Garden Co., New York Sports and Entertainment and Blumenfeld Development Group, proposed spending between $60 million and $250 million to rebuild or renovate the Coliseum and the surrounding Nassau Hub area.

The presentations ranged from the glitz and glamour of a catered lunch and appearance by hip-hop star Jay-Z, arranged by Ratner, to a simple speech by New York Sports. All the groups but Blumenfeld plan to work with the existing Coliseum structure for the renovations; Blumenfeld wants to demolish the current Coliseum and build a new one.

Nassau County Executive Ed Mangano issued an RFP for plans to right-size the Coliseum into an 8,000- to 12,000-seat arena based on a report by Ratner recommending the Coliseum be remade into a smaller venue capable of hosting family shows, minor league sports and concerts.

While the RFP focused specifically on the Coliseum, all of plans except for New York Sports included extra facilities. Blumenfeld is proposing a 100,000-square foot convention center; Ratner has plans for a 2,000-seat theater, a 2,500-seat outdoor amphitheater, restaurants, a movie theater and retail space; MSG is proposing a 150,000-square-foot entertainment complex with restaurants and retail.

“Everything proposed here is realistic and financeable,” Mangano said after hearing the presentations. “This is exactly what is necessary.”

The Business Advisory Council, a panel of 17 local business leaders, will advise Mangano on selecting a developer. The developer will work with master planner Renaissance Downtowns in revisioning the Nassau Hub.

Based on what we’ve seen in the presentations, it’s a quite the vision.

[NYguy]

http://www.nypost.com/p/news/local/n...QgYMQ3mu1TbneO

A new dream Coliseum
LI makeover plans

By RICH CALDER and BOB FREDERICKS
May 3, 2013

Developer Bruce Ratner and Madison Square Garden officials yesterday pitched rival plans to renovate Nassau Coliseum that closely resemble Brooklyn’s Barclays Center and the major renovation of MSG.

“It would be what the Eiffel Tower is for Paris!” boasted Ratner about his plan for a $229 million complex to be designed by SHoP Architects, which planned his Barclays Center.

The Coliseum’s current anchor tenant, the NHL’s New York Islanders, will be moving to Barclays Center after the 2014-15 season.

MSG’s $250 million plan would use BBB Architects, which designed the Garden’s ongoing, $1 billion top-to-bottom makeover.

Ratner's vision (SHoP Architects)...


• Video Link



http://libn.com/2013/05/09/the-poll-...oliseum-plans/



http://atlanticyardsreport.blogspot....-proposal.html

[NYC4Life]

Probably coming a bit too late since the Islanders are moving out of the Coliseum in 2015.

[Crawford]

Originally Posted by NYC4Life

Probably coming a bit too late since the Islanders are moving out of the Coliseum in 2015.

That's the whole point. They're redeveloping the arena site (and adjacent land) for after the Islanders leave.

[NYguy]

Yeah, it will be scaled down a bit, but bring other uses to the area.

[Rail>Auto]

Wow that doesn't looked scaled down at all. Seems to me like that would be a better alternative for the Islanders than cramming a hockey rink in a basketball arena.

[NYguy]

Originally Posted by Rail>Auto

Wow that doesn't looked scaled down at all. Seems to me like that would be a better alternative for the Islanders than cramming a hockey rink in a basketball arena.

It looks like another version of Barclays. From the proposal above:

The Coliseum is being re-imagined as a more intimate building with a seating capacity of 13,000, which is more supportable by the building’s restroom, concourse, and concessions infrastructure. Within the arena bowl, a theater configuration would be created that would suit smaller events, seating 4,000 to 8,000 guests. As a finishing touch, NEC would commission a world-class architect or sculptor to design a monument to Nassau County’s veterans, to be located in a focal location near the arena’s front entrance.

NEC anticipates a 15-month construction timeframe for the arena development, during which the Coliseum would be closed. NEC estimates the total costs for the renovation of the Coliseum to be approximately $89 million.

[NYguy]

http://www.crainsnewyork.com/article...TATE/130819933

Barclays scores Nassau Coliseum revamp project
The Barclays Center team led by Forest City Ratner Cos. won the right to rebuild and operate the aging Long Island arena and former home of the Islanders hockey team.





By Matt Chaban
August 15, 2013

After three months of fierce competition, the Barclays Center team is victorious in the match to redevelop the Nassau Coliseum, beating out archrival Madison Square Garden Co. for the 63-acre prize in Uniondale, Long Island. Nassau County Executive Edward Mangano made the announcement Thursday morning, praising the winning bid as the most promising for the future of the arena site and the county as a whole.

"I really wish we could have engaged both teams," Mr. Mangano said at a press conference at the county building in Mineola before announcing the winner as the Barclays team, led by Brooklyn developer Forest City Ratner Cos. and Nets owner Mikhaul Prokhorov. He said both proposals were neck-and-neck, but ultimately the decision came down to who offered the county more of a share in the revenues of the project, which based on the numbers the county released Thursday, appear to run into the billions of dollars over the life of the contract.

Mr. Mangano said the decision was backed unanimously by his 17-member business advisory council.

The Barclays Center team has a 34-year lease on the property now, with the contract signed this morning, with a 15-year option to renew. Over the initial term, the county would receive $195 million in revenue, coming from a mix of rents, ticket sales and other agreements, which could rise to as much as $335 million if Barclays exercises its right to the full 49-year term. The minimum annual payment would by $4 million per year, increasing by 10% every five years. MSG offered only a 5% increase each year, for a total of $112 million the first 34 years, Mr. Mangano said.

The Barclays Center bid has promised a $229 million project designed by SHoP Architects that sheathes the arena in a nest of glass and steel, looking like a hypertrophied Barclays Center. The remade arena would host 309 events a year, including boxing matches, college hoops, even six games by the Islanders hockey team, which are poised to move to the Barclays Center as soon as the 2013-2014 hockey season. Concerts will be led by the Barclays partners in the bid, Live Nation and Jay Z's Roc Nation.

Local developer Edward Blumenfeld, who was one of the four original bidders for the arena, will help develop a number of restaurant and retail outlets around the arena, which will be co-managed by Barclays and Legends Hospitality, which runs concessions at Yankee Stadium, Cowboy Stadium and the under-construction observation deck at the World Trade Center.

The project has been seen as a boon for Long Island, even though it has lost its beloved hockey team to Brooklyn in the process. Following the announcement of the move last fall, Forest City Ratner offered to undertake a feasibility study of what to do with the Coliseum and the 63 acres of parking lots and empty land surrounding it. The decision was made that the best use would be keeping an entertainment venue, even without a National Hockey League team, as an anchor for the local economy.

[http://www.crainsnewyork.com/apps/pb...ater.jpg?q=100

[H-man]

now that its ratner run, the islanders could crack out a deal to go back to the coliseum should they require larger room for attendance

[NYguy]

Originally Posted by H-man

now that its ratner run, the islanders could crack out a deal to go back to the coliseum should they require larger room for attendance

Not gonna happen. The plan is to make it smaller. If they could have gotten support fpr a planned arena to keep the Islanders there, they wouldn't be moving to Brooklyn in the first place.

[Coldrsx]

Nice enough design, but site plan from the 1980s, blah.

[Crawford]

Originally Posted by H-man

now that its ratner run, the islanders could crack out a deal to go back to the coliseum should they require larger room for attendance

The new Coliseum will have less seating than the hockey setup at Barclays. So no way.

And the whole reason they're moving to Barclays is unrelated to seating.

[Hypothalamus]

Hempstead Town OKs Nassau Coliseum Renovation Plan

by Timothy Bolger on May 27, 2015

Hempstead town officials approved Tuesday long-awaited plans to renovate the Nassau Veterans Memorial Coliseum in Uniondale—one month after the aging arena’s anchor tenant, the New York Islanders, began moving to Brooklyn.

The conceptual master plan for the property had been submitted to the town last month by Nassau Events Center, a subsidiary of Forest City Ratner Companies, which previously lured Long Island’s lone professional sports team to the developer’s new Barclays Center in Prospect Heights.

“We look forward to beginning construction in the near future so that we can bring all Long Island residents the reimagined venue they truly deserve,” said Bruce Ratner, executive chairman of Forest City Ratner, which signed a 34-year lease with the county.

Renovations are scheduled to begin in August after Billy Joel plays the venue’s last concert while the facility is under management of SMG. Renovating the 416,000-square-foot arena and developing 188,000-square-feet of surrounding property is the first phase of a planned $260-million redevelopment of the 91-area site.

Aside from new restaurants, hotels, parking garages, a movie theater and other unspecified entertainment on the land surrounding the coliseum, two Memorial Sloan Kettering Cancer Center facilities have been proposed for the site.

The plan follows years of failed attempts to redevelop the property by outgoing Islanders owner Charles Wang, who had proposed a multi-billion-dollar mixed-use development at the site before Hempstead officials told him to scale it back, essentially killing what was known as The Lighthouse Project. Nassau County voters later rejected a proposal to borrow $400 million to renovate the coliseum.

Hempstead Town Supervisor Kate Murray said that Ratner’s plan “provides for balanced and sustainable development.”

The board was able to expedite the approval process since Ratner made his site plans fit the requirements of the Mitchel Field Mixed Use District, which the town had created while considering the Lighthouse Project in 2011.

[Hypothalamus]

http://liherald.com/stories/Nassau-C...ontent_source=

[Hypothalamus]

Inside the Nassau Coliseum's $130 Million Makeover: Fewer Seats, More Retail, New Name



By Ray Waddell | August 04, 2015 12:29 PM EDT

As Long Island native Billy Joel preps to play the final show at Nassau Veterans Memorial Coliseum in Uniondale, N.Y., tonight, developers are teed up to break ground on a $130 million renovation to the 43 year-old arena. Groundbreaking will take place later this month, with the arena expected to re-open in December, 2016.

The new Nassau Veterans Memorial Coliseum and its adjacent retail and entertainment destination are being developed by Nassau Events Center (NEC), led by Bruce Ratner, developer of Barclays Center, and Brett Yormark, Barclays Center and Brooklyn Nets CEO. Ratner's group won the bid for the redevelopment of the Nassau Veterans Memorial Coliseum after a hotly contested bidding war, beating out a partnership led by the Madison Square Garden Company, among other bidders. Ratner's bid calls for downsizing the arena from its current capacity of about 18,000 to around 13,000, with a theater configuration of 4,000-8,000 in the lower bowl.

The entire Nassau project, which includes an expansive 400,000 square-foot footprint of retail, dining, and entertainment projected to draw an additional 700,000 -- 800,000 patrons to the site, will come in at $260.5 million. Yormark will lead the day-to-day operations for all facets of the Nassau Coliseum, including marketing, programming, sponsorship sales, and patron experience.

Yormark promises, "a re-created, re-imagined venue that will be state-of-the-art in every way, shape and form," calling the project, "great not only for the industry, but also for Long Island. We're anxious to get started, and [tonight] is the first step."

Yormark, who brokered the 20-year deal worth a reported $400 million between London-based financial group Barclays and the new Brooklyn arena, says he hopes to complete a naming rights deal for the Long Island project by the end of the month. "The whole sponsorship profile and program is something that has been taking up a lot of our time," he says, "and I feel very confident that by the end of the month we'll have a naming rights partner."

But, rather than simply a naming rights deal for the just the arena, as at Barclays Center, Yormark points out that, "we're putting a naming rights partner on the whole project, a very different approach. [The Nassau Coliseum development] is on 77 acres, that's a big footprint, with retail and the venue, and when you can brand the whole thing, that creates a lot of value for your partner."

Yormark says feedback on the renovation and adjacent development has been positive, both from the industry and residents of Long Island. "They've waited a long time for this," he says. "There have been lots of starts and stops and, thankfully, we're about to embark on what should be an incredible platform for Long Island. We have a great track record based on what we've been able to accomplish in Brooklyn, and our goal is to do everything we've done in Brooklyn in Long Island."

[...]

County announces deal for Sloan Kettering facility at Nassau Coliseum



Thursday, August 20, 2015 12:23 pm
By Bill San Antonio

Nassau County has reached an agreement with the Memorial Sloan Kettering Cancer Center to construct an outpatient facility and parking garage on a portion of the parking lot at the Nassau Veterans Memorial Coliseum.

First announced during Nassau County Executive Edward Mangano’s State of the County address in March, Sloan Kettering will reportedly purchase the five-acre parcel on the southwest part of the Coliseum property for $6.5 million and construct a two-story, 105,000 square-foot building and 450-space garage.

Construction will reportedly cost $140 million. Sloan Kettering would employ 250 clinical and administrative employees with a $150,000 average salary.

In a statement, Mangano said the facility would “serve as a further building block to attracting healthcare-related research and development jobs to the county.”

The facility would offer surgical, medical and radiation oncology consultation services, chemotherapy and radiation therapy, diagnostic radiology and other services, such as research trials and a host of support groups for survivors and cancer patients.

Upon the completion of the revitalization plan for the Coliseum property, Sloan Kettering’s parking garage would be available to visitors on nights and weekends.

The construction agreement, by which the facility may later be expanded to 140,000 square-feet of building area, includes a covenant indicating the property’s control would revert back to Nassau County if it is not built as a health-care facility.

Memorial Sloan Kettering would also be responsible for labor agreements involving construction.

http://www.nbcnewyork.com/news/local...321499871.html

[...]

A Sloan Kettering spokeswoman has said its Rockville Centre cancer center (at 1000 N Village Avenue) will be absorbed into the new facility.

The proposal still needs to be approved by the Nassau County Legislature.

If approved, the new facility would open by 2018.