Bruce Ratner discusses Nassau Coliseum redevelopment

Christian Arnold, Islanders Point Blank:

When the Islanders finish the 2014-15 season they will vacate the Nassau Coliseum and Bruce Ratner, owner of the Barclays center and the man responsible for bring the Nets to Brooklyn, will redevelop the outdated arena. nassau

Ratner attended at a business breakfast at Eisenhower Park and spoke about some of the plans for the new Coliseum.

“It has the potential to be great again,” he said during the breakfast, according to’s Scott Clinco.

Details about plans for the venue have been scarce, but Ratner said, according to Clinco, that designs for the building are in the process of being finished. He also said that “he feels the arena will be one of the most beautiful in the world.”

The real estate developer also mentioned that ticket prices will include the price of parking and that — like the Barclays Center in Brooklyn — the new Nassau Coliseum will feature concession stands with a local flair. Ratner did discuss what content he plans to bring to the arena. Mentioned were concerts, six Islander games, college sports, Nets preseason games and an AHL team.

No specific AHL club was mentioned, though Ratner has discussed bringing the Sound Tigers to the Coliseum in the past. Moving the Sound Tigers would make the most sense to keep the Isles farm team close to the NHL club and keep a footing with the Long Island fan base.

The Nassau County Legislature approved Ratners plan for the Coliseum in September of 2013. Last month, a Barclays Center spokesman told Newsday that Ratner had submitted draft plans to the Town of Hempstead and will file a final application by the end of the year. 


Islanders Notebook: Financing details coming to light for Coliseum renovation

Christian Arnold, Islanders Point Blank:

Brooklyn Nets ownership is looking to combine assets with the ownership group of the Los Angeles Dodgers, according to NetsDaily.comNew-York-Islanders-Nassau-Coliseum

So what does this have to do with the Islanders? If Mikhail Prokhorov’s ONEXIM Sports and Entertainment and Guggenheim Sports and Entertainment Assets “merge assets” it will play a factor into how the renovation of the Nassau Coliseum is financed

From Nets Daily:

It’s possible for example that Bruce Ratner’s rehabbed Nassau Coliseum could fit into such a partnership.  It’s been reported that Prokhorov’s ONEXIM Sports and Entertainment is an investor in the Coliseum and that Guggenheim will help finance the $229 million project, which will get underway after the Islanders complete their season.

Bruce Ratner will remain in control of Barclays center, the Islanders home following this season, according to the report.

Andrew Barroway, the almost owner of the Islanders, is back in the news after a New York Post report linked him to investing in the Arizona Coyotes.

The Philadelphia hedge fund manager will purchase 51 percent of the team with IceArizona retaining a 49 percent stake in the team, according to the Post. As part of the deal Barroway would end his lawsuit against current Islander owner Charles Wang, who he says backed out of a deal to sell the Isles to him.

The Islanders were later sold to Jon Ledecky and Scott Malkin, which was approved by the NHL Board of Governors on Tuesday.

The Coyotes issued a statement acknowledging that the team was listening to offers from investors, but did not mention Barroway by name.

“In response to media reports today, the Arizona Coyotes can confirm that IceArizona has been in discussions with an unsolicited potential investor who is interested in joining the partnership,” the team said in a statement. “This should be viewed as an incredibly positive development and is due to the successful first year of IceArizona’s ownership. This is all about the long-term stability and viability of the franchise in Arizona. By no means are any members of the current IceArizona group departing the ownership. While there has been no confirmation of any transaction, this is something that the current ownership group is exploring.”


Barclays Center is not perfect, but can work for hockey

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Christian Arnold, Islanders Point Blank:

Brooklyn, N.Y. — It would be safe to say that, to many Islander fans, Friday’s preseason game in Brooklyn was more about seeing what the future home of the team will look like rather than scoping out the team itself. The venue was the topic of discussion for fans on Twitter and for fans in the building.

Barclays Center was not built for hockey. It would be hard to argue against that by any means.

However, to say that it is terrible for hockey would not be accurate either. The thing with Barclays Center is that it has its’ flaws, but it also has a lot of positives. The most obvious being that the building isn’t 43 years old. Nothing against Nassau Coliseum — it’s a building that is great for hockey, but lacks modern amenities and is literally falling apart.

To read more of this story, click here


Report: Isles Considered Leaving Early, Will Stay Put for ’14-15 Season

The Islanders are set to move to the Barclays Center in Brooklyn when their lease expires at the end of next season, the 2014-15 season. But, for a time, they bounced around the idea of skipping town a year early according to a report in yesterday’s Newsday.

The Islanders had preliminary discussions in recent months about the team leaving the Uniondale arena at the end of this season, the sources said, but the conversations never advanced and the idea was scrapped.

Deputy County Executive Rob Walker told Newsday that discussions never got to the County level. So, there will be one more go-around at the Old Barn on Hempstead Turnpike.

In April 2013, Point Blank reported that the Islanders were considering the possibility of leaving Nassau a year earlier than their lease required.


Yormark: Minimal Changes to Barclays Setup, Why Coliseum Wouldn’t Work

Kevin Schultz

Apparently it’s Barclays Center Week here at IPB. More info on the arena front from Barclays Center CEO Brett Yormark, who was on the Michael Kay Show earlier today discussing the Nets, Islanders and Coliseum renovations. 

As far as renovations of the arena in preparation for the Islanders go, Yormark said that the way the arena was for the pre-season game was mostly how it would look when the Islanders move in.

“For the most part, what the fans saw on the 21st is what they’ll see when the Islanders come here,” Yormark told Kay. “We are thinking about adding some premium seating, which I think will be great for that high-end premium buyer but other than that we’re ready to go.”

Yormark also mentioned that they still need to build a “locker room campus” for the Islanders and other “smaller things” that were needed to accommodate the team. But he said there was “nothing big from the standpoint of having to add additional seating or anything like that.” To read more of this story, click here


Source: Barclays Center Takes on Arena Deal Risk, Isles Get Financial Certainty

Last week, the Wall Street Journal reported that the Islanders would receive an annual payment from the Barclays Center when the team relocates there for the 2015-16 season and each year thereafter. The Journal reported that this payment was believed to be in the tens of millions of dollars per year.

A Point Blank source has seconded the WSJ’s report that the team would receive a large annual payment from the Barclays Center and has provided further details. To read more of this story, click here


Report: Barclays Center to Pay Isles Millions Per Year to Relocate to Brooklyn

Kevin Schultz

Usually when a sports team takes up residence in an arena, the team pays rent to either the company or municipality that owns the arena. It’s a typical landlord/lessee relationship, just on a much bigger scale than normal. Sometimes, teams even get a sweetheart deal on that rent money, as they leverage how badly the municipality wants to keep the team in the city by making not so veiled threats to move or not award Super Bowl hosting rights to the city (the NFL has used this tactic quite well over the years, especially with the ever-present threat of Los Angeles).

Yesterday’s Wall Street Journal has a report on the profitability of the Barclays Center, which is apparently not as profitable as its owners originally thought it would be, saying that it is “tens of millions of dollars” behind income estimates. But hidden at the end of the article is the first bit of information we have about the Islanders “iron-clad” 25-year lease with the Barclays Center, and it’s not the typical lease relationship that was described above (emphasis is mine).

To read more of this story, click here