Quote:
Originally Posted by Submariner
Why can't the city just let MSG's permit expire and force them to move elsewhere?
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A real possibility is MSG stays, The Theater at Madison Square Garden is demolished (marked Forum/Forum Lobby below facing 8th Ave), and the removal of that sort of underbelly of MSG facing 8th Ave allows the construction of the renderings below.
Cuomo has proposed that exact idea, and MSG has come out in support.
Presumably in exchange, public entities share the cost with MSG somehow, MSG losses some/all of its tax exempt status, but get another 50 year lease. Not saying I agree with any of that, but MSG and the governor look like they're both on board, so looks like the front runner in terms of outcomes at the moment.
https://cityroom.blogs.nytimes.com/2...-penn-station/
https://newyorkyimby.com/2016/01/1809506.html
https://www.quora.com/How-realistic-...w-Penn-Station