News Summary: Forest City gets $229M NY arena job

Forest City Ratner chosen as developer for $229 million NY arena project

Associated Press

RESET: The same company that recently opened Brooklyn's Barclays Center, where the NHL's New York Islanders are moving, has been chosen to renovate the suburban New York sports arena that the team is leaving.

YOUNG TURKS, OLD LION: Nassau Events Center LLC, of Forest City Ratner, was chosen over The Madison Square Garden Co. after high-profile advertising campaigns.

LONG ROW: Nassau County has struggled to renovate the coliseum, built in 1972, for nearly a decade. In 2004, the Islanders' owner, Charles Wang, proposed a massive makeover, but that was rejected after residents expressed concerns about traffic and other issues. The Islanders announced they would leave after the 2015 season for the Barclays Center, in Brooklyn.

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