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Bye Bye MSG?

jamminpearlsjamminpearls Posts: 7,078
edited July 2013 in All Encompassing Trip
The New York City Council notified Madison Square Garden on Wednesday that it has 10 years to leave its current location and find a new home.
MSG is owned by James Dolan, who also owns the building's main tenants in the NBA's Knicks and the NHL's Rangers. Dolan and MSG recently requested its special operating permit be renewed in perpetuity, but the city council instead decided on 10 years. The city plans to renovate Penn Station, a mass transit hub that sits under the Garden. The news also comes only months before MSG's three-year, $1 billion renovation is scheduled to be completed.
Go Birds!!!!
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Comments

  • jw234911jw234911 Posts: 255
    that will be a sad day
  • Cliffy6745Cliffy6745 Posts: 33,839
    I'll believe it when I see it. Especially with the money the Dolans are pumping into it.

    Penn Station is literally hell on earth. I can't wait for it to be renovated. It is going to be worse in the interim, I would imagine.
  • Dru_CortezDru_Cortez Posts: 953
    8614189269_7898f293cf_m.jpg

    Cheers.
    'Cause you don't give blood and take it back again.
  • dankinddankind Posts: 20,839
    As much as I love that building and my memories from it, wouldn't it be great to see James Dolan get so royally fucked over?
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  • FrankieGFrankieG Posts: 9,100
    dankind wrote:
    As much as I love that building and my memories from it, wouldn't it be great to see James Dolan get so royally fucked over?

    :lol::lol::lol::lol:
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  • badbrainsbadbrains Posts: 10,255
    Someone told me a few years back that the dolans tried to buy the post office across the street and make it msgII. But after pumping $1 billion into the building, I can't believe they'd bounce after 10 years.
  • eeriepadaveeeriepadave Posts: 42,028
    Pearl Jam should close the building Ala The Spectrum.
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  • Empty GlassEmpty Glass Posts: 12,329
    eeriepadave wrote:
    Pearl Jam should close the building Ala The Spectrum.

    :lol: just coming in here to say this very thing
    I've met Rob

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  • SVRDhand13SVRDhand13 Posts: 26,166
    As an Islanders fan I must say.... the Kansas City Rangers has a nice ring to it :lol:
    severed hand thirteen
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  • Bathgate66Bathgate66 Posts: 15,813
    I believe the lease is only done in 10 years increments.

    As much as Dolan is a tool,
    I dont think theyd spend 1 billion dollatrs to move again down the road.

    iI think its just another publicity stunt.
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  • JTHJTH Posts: 3,238
    badbrains wrote:
    Someone told me a few years back that the dolans tried to buy the post office across the street and make it msgII. But after pumping $1 billion into the building, I can't believe they'd bounce after 10 years.
    MSG II closed in 1925. The current arena is the fourth one by that name. The next one will be MSG V.
  • Black DiamondBlack Diamond Posts: 25,107
    Why would they ever extend a lease forever?

    Dolans requested. City said no.
    GoiMTvP.gif
  • EdsonNascimentoEdsonNascimento Posts: 5,521
    Much ado about nothing. As others have said - why would they renew in perpetuity (and why wouldn't Dolan ask?)?

    Formality. They are not kicking out a tax payer like MSG.
    Sorry. The world doesn't work the way you tell it to.
  • badbrainsbadbrains Posts: 10,255
    SVRDhand13 wrote:
    As an Islanders fan I must say.... the Kansas City Rangers has a nice ring to it :lol:

    Sorry buddy but the ice-landers would leave WAY before the rangers do! :D
  • Bathgate66Bathgate66 Posts: 15,813
    http://www.nydailynews.com/new-york/mad ... -1.1342412

    Madison Square Garden will recoup the cost of its billion-dollar renovation sooner than many assume, experts now say, bolstering a city move to relocate the world's most famous arena.

    The company could earn back the $980 million spent on the massive renovation in as little as five years if revenue from its media operation, MSG Networks, is counted, Crain's New York reported.

    RELATED: YES, NOW IS THE TIME TO MOVE MADISON SQUARE GARDEN

    Madison Square Garden needs city approval to stay at its current location, but officials hope it will clear out to make way for an improved Penn Station. The city is recommending just a 15-year extension at its current site.

    Garden officials argue that's unfair because of how much money they just sank into the three-year renovation. "We have a right to a return on our investment," MSG Chief Executive Hank Ratner told Crain's.

    RELATED: MSG DEFENDS $16M TAX BREAK

    But the company as a whole is expected to generate $700 million over the next four years, meaning it could recoup the full cost of renovation in 2018, well before an eventual move.

    Read more: http://www.nydailynews.com/new-york/mad ... z2aBX7sHlS
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  • ldent42ldent42 Posts: 7,859
    When I heard this my first reaction was 'yea right, like that's ever gonna happen' but then I remembered MSG's history... I can't speak to the state of Penn Station as I never ever ever go there unless absolutely necessary, but I would imagine there must be some way they can get their renovations done with the garden still on top of them?

    Where would it even go at this point?
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  • Get_RightGet_Right Posts: 13,126
    duska3419 wrote:
    When I heard this my first reaction was 'yea right, like that's ever gonna happen' but then I remembered MSG's history... I can't speak to the state of Penn Station as I never ever ever go there unless absolutely necessary, but I would imagine there must be some way they can get their renovations done with the garden still on top of them?

    Where would it even go at this point?
    Up. Like everything else in NYC. The garden is not going anywhere.
  • AmherstJammerAmherstJammer Posts: 1,510
    When MSG closes in ten years the Rangers will move to Hartford and become the Hartford Whalers.
  • jamminpearlsjamminpearls Posts: 7,078
    AmherstJammer wrote:
    When MSG closes in ten years the Rangers will move to Hartford and become the Hartford Whalers.
    To piss Jay off and make Metsy's day they'll move to Long Island.
    Go Birds!!!!
  • badbrainsbadbrains Posts: 10,255
    AmherstJammer wrote:
    When MSG closes in ten years the Rangers will move to Hartford and become the Hartford Whalers.

    Fail
  • bluegracebluegrace Posts: 2,357
    I always wanted to see PJ there, I hope I'll be able to before any eventual move.
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