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Blumenfeld And Ratner Join Forces

Ed Blumenfeld, founder of Blumenfeld Development Group in Syosset, was not selected as a finalist for the Nassau Coliseum overhaul project, and as a result, has teamed up with finalist Bruce Ratner to compete with Madison Square Garden Co. to redesign the Long Island landmark.

Both project proposals are privately funded.

Blumenfeld will be assisting in the development of restaurants and retail Director of the University of Michigan Center for Sports Management Mark Rosentraub, who was hired as a consultant on Blumenfeld’s original $150 million dollar proposal to demolish and re-construct the coliseum, will be involved in the partnership.

Ratner’s proposal is a $229 million renovation of the coliseum, providing 13,000 seats, outdoor amphitheater and ice-skating rink, as well as a separate theater with 2,000 seats.  Bringing the NY Islanders from the coliseum to his newly built Barclays Center in Brooklyn in two years, Ratner’s plan is to bring minor league hockey teams, as well as lacrosse and AFL (Arena Football League) teams to the coliseum.

Ratner and Blumenfeld aren’t strangers to each other, as they worked together almost 15 years ago on the East River Plaza along FDR Driver in East Harlem.

“Ed and I have known each other for years and have enjoyed a successful partnership at East River Plaza in Manhattan,” Forest City Ratner Executive Chairman Bruce Ratner said. “Ed and his company bring decades of Long Island development experience and will have a great impact on the retail component of our proposal. We’re thrilled to have Ed join our formidable partnership group, which shares a vision to deliver a re-imagined Nassau Coliseum and a premier entertainment and retail center that Long Islanders deserve.”

Earlier this month, Nassau County Executive Mangano, who selected the finalists, said he would make a final decision by mid-August.  Along with Blumenfeld’s elimination was New York Sports of Bayville.

MSG, whose proposal is a $250 million renovation with 14,500 seats, issued a statement last week, saying: “We are grateful for the opportunity to work with the county on making our compelling plan a reality. With our vision and proven track record in revitalizing and operating several world-class venues, MSG’s plan will achieve a bold re-imagining of the Nassau Coliseum site as a thriving, 365-day a year destination.“