Barclays Center Developer Lands LI Hockey Stadium Rebuild

Law360, New York (August 15, 2013, 2:49 PM EDT) -- A group of real estate firms led by Barclays Center developer Forest City Ratner Cos. will redevelop the dilapidated Nassau Coliseum in Long Island, beating out the developers of Madison Square Garden for the 100 percent privately funded project, Nassau County Executive Edward Mangano announced Thursday.

Nassau Events Center LLC, an entity created by Forest City for this purpose, will take on a 34-year lease at the site and invest at least $229 million in renovating the 43-year-old hockey stadium.

The selection is the result of...
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