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Re: Penn Station

Posted by pragmatist on Sat Jan 10 07:59:43 2015, in response to Re: Penn Station, posted by Wallyhorse on Fri Jan 9 20:22:26 2015.

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Sadly, money will probably play a much greater role than anything else. It is a very old arena, and despite the billion dollar renovation which radically improves the spectator experience as well as key infrastructure, it still has operating inefficiencies (i.e. load in/out) that cannot be overcome because the arena floor is 5 stories up. To help keep the Knicks and Rangers, the State of NY (not NYC) gave them a really good property tax deal. So last year the City Council only extended the MSG permits 10 years which raises hopes of a new building at a different location. But nothing precludes another extension from a City Council and Mayor none of whom are likely to be in their office, that are in office now. I'd love to see a new building, but I shudder to think how many dollars will fly when those deals get made!

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