Monday, July 22, 2013

Monti Backs MSG

According to Newsday, developer Donald Monti has backed Madison Square Gardens plan to develop the Nassau Coliseum.  MSG is competing with Forest City Ratner for the job right now with the winner expected to be announced next month by Ed Mangano.

If you are unfamiliar with Monti, he was selected late last year as the winner of the countys RFQ for the area and plans to put a biotech campus on the site. (subscription required)

For those that want to see Ratner get this job, this isn't a good sign.  Being the master developer there it would make sense that Monti has some pull into who gets picked because he will have to work with them after the fact.  While Ratner losing this job isn't a forgone conclusion yet, todays developments aren't encouraging.

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