Assuming the report that Mikhail Prokhorov will sell the Barclays Center and Nassau Coliseum operating companies to incoming Brooklyn Nets owner Joe Tsai is true--and there's no confirmation--the question has arisen: why would Tsai want the Coliseum, especially since it's mortally threatened by the expected construction of a new, larger arena at Belmont Park? Well, surely it's a package deal. And maybe Tsai is so flush he can afford to take some losses? Or maybe.... as suggested by Eyes on Isles' Bryan Lotto, pointing to (for now, slight) delays in the Belmont plan: If Tsai and his ten billion dollars can be convinced to make a major Coliseum investment, an entirely new story may be told in the coming months. That story would be a political win; a permanent New York Islander return to a new Coliseum and satisfying the anti-Belmont contingent. I don't think a Coliseum expansion, though technically possible, is likely. After all, that would surely require th...
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.