Madison Square Garden given 10-year lease limit

BlueGin

Diamond Member
Jul 10, 2004
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Wow...and apparently they are in the middle of expensive renovations too. Good or bad Idea?

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NEW YORK (AP) — The New York City Council voted Wednesday to limit Madison Square Garden's permit at its current spot above Penn Station to 10 years — a decision cheered by civic organizations campaigning to move the home of the Knicks and Rangers so the busy station can be renovated.

The owners of the Garden had wanted to operate at the site in perpetuity, while the city planning commission recommended a 15-year extension.


Organizations hoping Madison Square Garden will move to another location applauded the 47-1 City Council vote limiting the arena's permit.

The Alliance for a New Penn Station said the council "has made clear that now is time to get to work and build the Penn Station that New York City and the region desperately need in order to improve transit access and spur economic growth in the city and throughout the region."

Madison Square Garden given 10-year lease limit
 

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