The Real Deal New York

City plans to tax Madison Square Garden

May 31, 2006 12:00AM

The city is reportedly pinning its hope for far West Side development on the planned Moynihan Station. But a plan to move the current Madison Square Garden across the street to Moynihan Station could fall through because the city plans to tax the arena’s owner, Cablevision. MSG has enjoyed a property tax exemption since 1982. more [Sun]

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