Thursday, May 27, 2010

Plan to move Madison Square Garden across the street revived; one argument is competition with the Brooklyn arena

Madison Square Garden is supposed to be under renovation, but the plan to move it to the Farley Post Office across Eighth Avenue--this time, without expansion of the transit hub--is apparently revived.

And one argument by developer Steve Roth of Vornado Realty Trust involves competition with the new Brooklyn arena, according to the Times:

According to these officials, the developer’s pitch to Mr. [James] Dolan and Mr. [Hank] Ratner went something like this: The renovation of the 42-year-old arena could be more expensive and more disruptive for the Knicks, the Rangers and the Liberty than anticipated. And in the end, the site would still be inferior to the new arena for the Nets that is under construction in Brooklyn.

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