The Brooklyn Nets minority owner Bruce Ratner was one of the people involved in luring the New York Islanders to Brooklyn and now he will be the man in charge of redeveloping the Nassau Coliseum. Here is the outline of what was said during Friday’s press conference. Here are the reactions:
- Newsday’s Randi Marshall points out that the plan still needs to be approved by the Nassau County Legislature, the Nassau Interim Finance Authority, and the Town of Hempstead.
- Brett Cyrgalis of the NY Post highlights the difference in Ratner’s proposal compared to MSG’s — Ratner’s plan included $1.4 million more in annual minimum rent which equals out to $83 million more over the course of the 34-year lease.
- Kevin Schultz of Islanders Point Blank says with Ratner winning the bid over the Madison Square Garden group that Long Islanders at least get to watch the Islanders play six times a year as opposed to a mere Islanders’ themed sports bar. Still, he would like to see an Islanders Hall of Fame installed at the Coliseum site.
- Nets Daily points out that this further cements the relationship between Nets minority owner Bruce Ratner and majority owner Mikhail Prokhorov as they enter into the arena renovation together.
- Brian Erni of SNYNets described the deal as huge for the Nets’ marketing efforts as it keeps the Knicks off of Long Island.