The MSG permit extension issue partially explained

According to this article from Crain’s New York, the problems with the current debate about moving the city’s famous stadium can be traced back to Mayor Michael Bloomberg and MSG’s James Dolan.

The author reminds of a time in 2005 when Bloomberg planned to build a stadium in the city in order to get the bid for the 2012 summer Olympics. Dolan opposed the plan, viewing a new arena as potential competition for the garden and spend money freely to support advocacy groups speaking out against the mayor’s plans.

The problem today is the rising numbers of commuters using Penn Station which sits under Madison Square Garden. The Garden would need to move in order to keep the station operating (it currently runs over its capacity of 200.000 commuters moving instead 600.000 people daily). But with nearly completed $1 billion dollar renovation costs, MSG wants their special permit to operate above the train station extended in perpetuity.



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