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| Re: Madison Square Garden (1333920) | |||
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Re: Madison Square Garden |
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Posted by TERRApin Station on Fri Jan 16 12:43:19 2015, in response to Re: Madison Square Garden, posted by pragmatist on Fri Jan 16 12:32:53 2015. I think you're misunderstanding the situation. MSG is granted an operating license from the City of New York. If the operating license for the location on top of Penn Station is not renewed by the City of New York, then MSG would have to shut down, AFAIK. Instead of shutting down, if there is an alternate solution, such as moving to a new location nearby, I assume that's what the owners would choose to do. So it has nothing to do with eminent domain. The operating license would be the way to kick out MSG.The City of New York recently renewed MSG's license for 10 more years. So expect this issue to come up again in 5 years or so, which is around when they'd need to start seriously planning if they are going to move out. They are probably already looking into sites. |
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