Forest City Announced as Coliseum Developers

Today in Mineola, Nassau County Executive Ed Mangano announced that the Forest City Ratner bid, headed by Bruce Ratner and Brett Yormark, won the RFP to develop the Coliseum site.

Mangano said that the Forest City bid guaranteed the County $4 million in parking and ticket sales revenue each year, which was $1.4 million more than the MSG proposal. Newsday had reported earlier in the week that the winning developer promised the County a higher annual lease payment.

Point Blank detailed the Forest City’s proposal back in May, which you can view here.