Skip to main content

Yormark: Islanders owners have been given "optionality": Barclays + Nassau (plus potential new pipes)

Despite saying (unsurprisingly) earlier this month that Barclays Center managers don't plan to make design changes to the arena--after all, it would be tough to add seats or change sightlines--the arena's top official is hardly ready to give up the New York Islanders hockey team.

In an interview yesterday with WFAN's Boomer Esiason and Craig Carton (who have a food stand at the arena!) Barclays Center CEO Brett Yormark indicated that Barclays is very much in play for the Islanders, despite (overstated) reporting that the arena was dumping the hockey team.

At about 6:58 of the interview, Carton stated he believes the Islanders will go to a new arena at the Belmont racetrack. (A new arena is tough to justify in this market, and would be expensive, so I have my doubts.)

Giving owners "optionality"

"Is there any way," Carton asked Yormark, "that the wealthy men that are your bosses, and that own the building and make these ultimate decisions, including the owners of the Islanders, can sit in a room and figure out a way to not go to Belmont, and play in Nassau? Or do you think that ship sailed?"

"Well, I think it's fair to say we've been in front of Islander ownership for the last 45 days, we've given them things to consider, and have given them in fact optionality, whether it's Nassau, whether its Barclays, whether it's a combination of both, and it's up to them now to decide what they want to do with their franchise," Yormark responded. "So we've made it known that we'd like to continue the partnership. It might differ than what it looks like today. But we're very interested in maintaining the partnership. But it's up to them, and we're waiting to hear from them, and we're willing to respond to their wants and needs accordingly."

That's very interesting.

It signals that a lot is in play--including a publicly unmentioned (as far as I know) option of a season split between Barclays, which has an odd layout but luxury suites, and the downsized, suite-lacking Nassau Coliseum, closer to the team's traditional fan base.

Neither is ideal for the team, but the Islanders do want to stay in New York to keep their TV contract. So the key question might be the financial arrangements between team and arena.

New pipes?

Referring to complaints about the Barclays ice, Esiason asked if it could be improved: "I was told they have PVC piping underneath, as opposed to the copper piping which most buildings have; is that true?" (Actually, it's steel, not copper, according to reports.)

"Well, that's a part of it," Yormark responded. "We think the ice is very adequate if not better than adequate. From what I understand, the NHL is going to put out a ranking of ice across the league, and we're going to fare much better than people anticipate. That being said, we're constantly working on it. We're listening to the needs of the Islanders and their players, and obviously we want the best possible ice we can have, and we're working towards that."

"Your point about PVC versus copper is true, but it's not a major undertaking to change the piping," Yormark added said. "And if the relationship with the Islanders extends, we're more than willing and able to accommodate them with copper piping."

That's a change from previous reports. Newsday's Arthur Staple has reported that it would require switching from PVC to steel (not copper), which would require shutting down the arena for the summer, which he deemed very unlikely.

So it's very interesting that Yormark suggests it's no big deal. He's not the historically most trustworthy guy, of course. But as I've suggested, the relationship between Barclays and the Islanders may not have been moving toward divorce, but rather renegotiation.

Comments

Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

No, security guards can't ban photos. Questions remain about visibility of ID/sticker system.

The bi-monthly Atlantic Yards/Pacific Park Community Update meeting June 14, held at 55 Hanson Place, addressed multiple issues, including delays in the project, a new detente with project neighbors,concerns about traffic congestion, upcoming sewer work and demolitions, and an explanation of how high winds caused debris to fly off the under-construction 38 Sixth Avenue building. I'll have more coverage.
Security issues came up several times at the meeting.
Wayne Bailey, a resident who regularly takes photos and videos (that I often use) of construction/operations issues that impact residents, asked representatives of Tishman Construction if the security guard at the sites they're building works for them.
After Tishman Senior VP Eric Reid said yes, Bailey asked why a guard told him not to shoot video of the site, even though he was on a public street.

"I will address it with principals for that security firm," Reid said.
Forest City Ratner executive Ashley Cotton, the …

Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website Matzav.com explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…

Atlantic Yards/Pacific Park graphic: what's built/what might be coming (post-dated pinned post)

Click on graphic to enlarge. This is post-dated to stay at the top of the blog. It will be updated as announced configurations change and buildings launch. The August 2014 tentative configurations proposed by developer Greenland Forest City Partners will change, and the project is already well behind that tentative timetable.


Not quite the pattern: Greenland selling development sites, not completed condos

Real Estate Weekly, reporting on trends in Chinese investment in New York City, on 11/18/15 quoted Jim Costello, a senior vice president at research firm Real Capital Analytics:
“They’re typically building high-end condos, build it and sell it. Capital return is in a few years. That’s something that is ingrained in the companies that have been coming here because that’s how they’ve grown in the last 35 years. It’s always been a development game for them. So they’re just repeating their business model here,” he said. When I read that last November, I didn't think it necessarily applied to Atlantic Yards/Pacific Park, now 70% owned (outside of the Barclays Center and B2 modular apartment tower), by the Greenland Group, owned significantly by the Shanghai government.
A majority of the buildings will be rentals, some 100% market, some 100% affordable, and several--the last several built--are supposed to be 50% market/50% subsidized. (See tentative timetable below.)

Selling development …

Atlanta's Atlantic Yards moves ahead

First mentioned in April, the Atlantic Yards project in Atlanta is moving ahead--and has the potential to nudge Atlantic Yards in Brooklyn further down in Google searches.

According to a 5/30/17 press release, Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards:
Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announced a joint venture on behalf of one of Invesco Real Estate’s institutional clients to develop two progressive office projects in Atlanta totalling 700,000 square feet. T3 West Midtown will be a 200,000-square-foot heavy timber office development and Atlantic Yards will consist of 500,000 square feet of progressive office space in two buildings. Both projects are located on sites within Atlantic Station in the flourishing Midtown submarket.
Hines will work with Hartshorne Plunkard Architecture (HPA) as the design architect for both T3 West Midtown and Atlantic Yards. DLR Group will be t…