Stringer backs 10-year limit on Madison Square Garden permit extension

New York /
Mar.March 27, 2013 06:00 PM

Manhattan Borough President Scott Stringer today recommended that the City Planning Commission endorse a proposal to expand Penn Station by shifting the location of Madison Square Garden, Crain’s reported. In other words, Stringer would reject MSG’s request for a special land-use permit that would let the arena stay in its current location “in perpetuity.”

Rather, he supported a 10-year limit on the permit extension, which would allow developers and planners to brainstorm a plan to boost economic growth on the West Side. MSG’s permit to operate as an over 2,500-seat arena expired in January.

“It is time to build a more spacious, attractive station that’s going to encourage [mass] transportation use,” Stringer told Crain’s.

The limit would be an “unprecedented move” by City Planning, as no other city arena operates with a temporary location, Crain’s said. City Planning is slated hold a hearing on the recommendation on Apr. 10, with a City Council hearing to follow.

Manhattan Community Board 5 has said it wants MSG’s permit limited to 10 years.

A spokesperson for Madison Square Garden Company, which owns the stadium, said it was being “unfairly singled out” despite having invested $1 billion in the arena.

“Virtually all special permits are granted without artificial expirations,” the spokesperson told Crain’s. “Given these circumstances, we have the reasonable expectation that we will be treated like every other applicant.” [Crain’s]Zachary Kussin


Related Articles

arrow_forward_ios
Scott Stringer (Getty)

Shut down offices, indoor dining: Stringer

Shut down offices, indoor dining: Stringer
City Comptroller Scott Stringer (Getty; iStock)

Real estate investments cost NYC pension funds $370M

Real estate investments cost NYC pension funds $370M
Scott Stringer (Getty)

Scott Stringer takes aim at real estate in unveiling mayoral bid

Scott Stringer takes aim at real estate in unveiling mayoral bid
(Credit: iStock)

No Covid break for big properties with unpaid taxes

No Covid break for big properties with unpaid taxes
Madison Square Garden on March 26, 2020 (Credit: Debra L Rothenberg/Getty Images)

That empty feeling: Pandemic crushing New York event venues

That empty feeling: Pandemic crushing New York event venues
New York City Comptroller Scott Stringer (Credit: Andrew Burton/Getty Images, iStock)

Coronavirus will cost city billions in tax revenue: comptroller

Coronavirus will cost city billions in tax revenue: comptroller
State Legislators Linda B. Rosenthal and Brad Hoylman with 200 Amsterdam Avenue (Credit: Getty Images)

Pols slam city for backing developers of 200 Amsterdam

Pols slam city for backing developers of 200 Amsterdam
City Comptroller Scott Stringer (Credit: Getty Images)

City Comptroller Scott Stringer proposes “Tenant Bill of Rights”

City Comptroller Scott Stringer proposes “Tenant Bill of Rights”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...