Madison Square Garden may have to move in 15 yearsPosted by Inside Hoops
The world’s biggest stage may have to move in 15 years.
The city opted to renew Madison Square Garden’s lease for a mere 15 years Wednesday, signaling that the iconic arena is not a permanent fixture in midtown Manhattan.
“The best possible outcome would be a relocated Madison Square Garden,” said city Planning Commission chairwoman Amanda Burden.
The commissioners then voted unanimously to approve the 15-year permit.
The owner of the 45-year-old arena, James Dolan, had been seeking a renewal “in perpetuity” while he carried out $1 billion in renovations that upgraded seats, luxury suites and more.
“We are extremely disappointed in today’s vote, especially because MSG meets all of the requirements for the permit,” the Garden said in a statement.
Reported by Stephen Rex Brown and Jennifer Fermino of the New York Daily News