Madison Square Garden Told to Find a New Home
"The New York City Council took the first step in a long process to remake Penn Station, Wednesday. It voted overwhelmingly to limit the lease on Madison Square Garden, which sits atop nation's busiest transit hub," reports Jessica Gould. "In a 47-1 vote, the Council decided not to grant the Madison Square Garden company a permit in perpetuity, but instead offered just a 10-year lease renewal."
"City Council Speaker Christine Quinn told reporters she hopes the shorter permit will give the Garden enough time to come up with a plan to move so that improvements can then be made to Penn Station."
"The vote is the culmination of a concerted campaign from urban planners, transportation advocates and civic groups like the Municipal Arts Society and Regional Plan Association who have been framing the shorter lease renewal more as a vote for a hypothetical—and revenue raising—new Penn Station than about a sports arena," adds Gould.