NEW YORK (CBSNewYork/AP) — An affiliate of Forest City Ratner has been selected to oversee a $229 million renovation of the Nassau Veterans Memorial Coliseum.
Nassau County Executive Ed Mangano made the announcement at a press conference Thursday.READ MORE: 'Moulin Rouge! The Musical' Wins Big As Broadway Celebrates The 74th Annual Tony Awards
Nassau Events Center, LLC was picked over the Madison Square Garden Co.
The selection is expected to accelerate the long-stalled process to renovate the aging arena. Mangano said developer Bruce Ratner’s group would transform the arena and its plaza “into an attractive, first-class destination for family fun, sports and entertainment.”