Ratner: `Major Person' Behind Nassau Coliseum

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Oct. 15 (Bloomberg) -- Bloomberg Television's "Lunch Money" Host Adam Johnson reports on the new Nassau Coliseum. (Source: Bloomberg)

Are we are streaming live on your tablet and mobile phone.

There is no rest for new york real estate developer bruce ratner.

He is diving into a new project redesigning the nassau coliseum.

Someone with a lot a money tied up in some major projects purity is none too pleased with the gridlock we're always talking about in washington.

We do not want -- do not know what to do.

We do not know fear going to have issues with china or what is going to happen.

It is like starting a war.

You do not know what is going to do.

What does it mean for you?

You are looking at these major projects.

You just won the bid.

The have this well underway.

What do you do day to handle this?

We continue to do our business on a day-to-day basis.

We try to stay flexible.

Chaos happens a lot.

Chaos could happen.

We are ready for chaos.

The answer is that there is no answer.

You do not know what is going to happen.

It could be very serious or mild or could go away.

You do not know.

Volatility is bad.

It is.

He says there is a reasonably high chance of default but he does not think there will be an event as bad as the financial crisis.

He said it will take an awful lot to delay the coliseum roger.

We can make it look beautiful and iconic.

We can create programming as strong as any in the country.

It has a great democratic.

3 million people.

Very wealthy area.

Very strong area.

Very strong shows.

College basketball, boxing.

It is in the center of nassau.

Will you attach a marquee name like you did with jay-z. whether he put a lot of dough into it, he made that place dazzle.

Are you going to do it?

Yeah.

We are going to.

We are going to have a major person.

We do know who it is.

You are going to have a lot of competition.

Madison square garden is not going anywhere.

You have new ownership across the river.

They want to make the kind of goal.

How does that happen?

Somebody has to lose.

It turns out that when you look at our audience and our fans, only about five percent to 10% comes from nassau.

That is an entirely different market.

That is a whole city in most places around the country.

It is an entirely separate markets.

Of the prudential center is not far.

It is close to downtown as the berkeley center.

What happens if the all-star undercutting one another?

What happens if they undercut you and then msg comes in?

Where do you go?

Prudential plays a lot of the stuff we do.

You always have them playing.

Most of these groups will play two markets.

You still have msg in the mix.

There's so much going on.

They do not have enough nights for all they have between two teams.

Three teams.

We will have two teams.

We have 60 concerts.

This is so strong both economically.

There are 16 million people in this region.

You could have three or four arenas.

Renovation of the new nassau coliseum is expected to begin in

This text has been automatically generated. It may not be 100% accurate.

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