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MINEOLA, N.Y. -- A decade-long effort to renovate an aging and dilapidated suburban New York sports arena moved a step closer to fruition on Thursday when officials chose the company that recently opened Brooklyns Barclays Center to redevelop the Nassau Veterans Memorial Coliseum and its surrounding 77-acre property. The selection of Nassau Events Center, LLC over The Madison Square Garden Co. for the US$229 million job was announced by County Executive Edward P. Mangano following a months-long competition that initially involved four bidders. "By having The Madison Square Garden Company compete with us on this development demonstrates the significance of this project and both of our companies commitment to Long Island," said Bruce Ratner, executive chairman of Forest City Ratner Companies. "We are ready to get to work to deliver a world-class coliseum and a thriving sports, entertainment and retail centre that Long Island deserves." The announcement comes nearly a year after the coliseums primary tenant, the National Hockey Leagues New York Islanders, said the team would move from the coliseum to the new Barclays arena after the 2015 season. The plan still requires the approval of the Nassau County Legislature, but observers said it was likely the GOP majority in the legislature would go along with the Republican county executives selection. "While we are disappointed with the countys decision, we are not at all surprised given the history of this project, and will be watching closely as this process moves to the county legislature," MSG said in a statement. "We remain deeply supportive of the efforts to create a rich and vibrant destination for all Long Island residents, and sincerely hope that, regardless of todays decision, Long Island ultimately gets the world-class destination it deserves." Both Ratner, the developer behind the Barclays Center, and MSG have experience in running sports and entertainment arenas in the New York area. The finalists had engaged in high-profile television and print advertising campaigns while vying for the right to develop the property. A public session to discuss the proposals last spring featured an appearance by music mogul and hip-hop star Jay Z, whose company is affiliated with the Ratner group. Nassau County officials and others have been struggling to renovate the coliseum, built in 1972, for nearly a decade. In 2004, the Islanders billionaire owner, software executive Charles Wang, proposed a massive redevelopment of the property that would have included a soaring 60-foot office and condominium tower. That proposal failed to win either community or municipal support after residents expressed concerns about traffic and other issues. Two years ago, voters rejected a referendum backed by Mangano that would have allowed $400 million in borrowing for the construction of a new hockey arena and ballpark. Mangano stressed Thursday that the construction will be a "100 per cent privately financed" project that will "share revenue with the county at zero expense to the taxpayer." Aaron Ramsey Wales Jersey . -- Matt Rupert scored once in regulation and again in the shootout as the London Knights extended their win streak to nine games by defeating the Owen Sound Attack 4-3 on Friday in Ontario Hockey League action. Ashley Williams Jersey . -- Sergey Tolchinksy scored his second goal of the game 3:56 into overtime as the Sault Ste. http://www.soccerwalesstore.com/joe-allen-wales-UEFA-EURO-jersey/ .ca. Hey Kerry, big fan of yours, just finished reading your book. I think that we all saw the Canucks/Flames line brawl just after puck drop. It was obvious that something was about to happen, even to the referees because the fourth lines were on to start. Wales Soccer Jerseys . With his new coach and six-time Grand Slam singles champion Boris Becker watching him during an official match for the first time, Djokovic appeared tentative early against the Slovakian player, who often appeared content to keep the ball in play. Aaron Ramsey Jersey .C. -- Glenn Howard needed an extra end to move into the Masters Grand Slam of Curling final. Monday, Ryen Russillo and Ian Fitzsimmons welcome ESPN NFL analysts Matt and Tim Hasselbeck (1:45 p.m. ET), ESPN investigative reporter T.J. Quinn (2:30) and College GameDays Kirk Herbstreit (3:00).Todays main topics:? Olympics reflections? NFL preseasonText us at 73776 (msg&dataa rates may apply) or tweet us at twitter.ddddddddddddcom/RussilloShow -- well be with you from 1 p.m. to 4 p.m. ET on ESPN Radio and ESPNRadio.com. ' ' '