But it seems the executives at MSG may already be planning for life after the new lease expires. On Thursday, MSG president and CEO Hank
The Islanders are moving to Brooklyn and MSG is one of four bidders seeking control of the building on
Here's the story about the Thursday's bidding process from Newsday.
The Islanders are schedule to remain at the Coliseum through 2015. MSG officials say their plan for renovation of the arena and the surrounding area will take two years.
The company's lease at the XL Center runs through 2016, with two one-year extension options. The MSG could fulfill the three-year lease and even honor the two extensions, keeping the AHL affiliate in Hartford through 2018.
That would give the company plenty of time to complete the project on Long Island before moving the franchise.
Besides MSG, the bidders for the Coliseum are Bruce Ratner (who build the
MSG vowed to spend $250 million in renovation, creating an entertainment complex around the arena. Company officials said their plan would generate $11 billion in economic activity over 30 years and create more than $300 million in sales/entertainment tax.
They also said the Rangers and
Meanwhile, MSG officials have decided to abandon the Connecticut Whale brand and intend to rename
Global Spectrum, which is taking over management of the XL Center, will run the day-to-day operation of the team and the company is already reaching out to season ticket holders.