June 18, 2004
Another redo for MSG?
At the same time as it's lobbying to block a $1.4 billion New York Jets stadium three blocks away, Cablevision - owner of the Knicks and Rangers - has issued a request for proposals to renovate Madison Square Garden, adding luxury suites, meeting spaces, and restaurants. "Madison Square Garden has started the process of a major renovation to create a state-of-the art facility and will do it without taxpayer money," MSG spokesperson Barry Watkins told the New York Times - which is sort of true, unless you count the $11 million a year in city property-tax breaks Cablevision gets, which has already paid off the last Garden renovation in the 1980s.
Posted by Neil deMause
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