City may give MSG a permanent lifeline atop Penn Station

New York /
May.May 21, 2013 09:30 AM

Madison Square Garden may get a new lease on life from the Bloomberg administration – a permanent one.

The City Planning Commission will on Wednesday consider a proposal from commissioner Amanda Burden that could effectively turn a 15-year extension of MSG’s lease  into one with no expiration date, Capital New York reported. The proposal contains a loophole that allows MSG to remain atop Penn Station in perpetuity, if it comes to an agreement with the three railroads beneath it to make infrastructure improvements.

Prominent planners were irked by the city’s move, arguing that moving MSG was essential to revitalizing Penn Station. Of particular concern to them was that the city’s permit in perpetuity proposal wouldn’t be subject to a public review process, known as ULURP.

Raju Mann, the director of policy and planning at the Municipal Art Society, told Capital New York that the proposal was “a gift to Madison Square Garden.” [Capital New York]Hiten Samtani


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Gov. Andrew Cuomo (Getty, iStock)
New York’s rent relief site goes live — without applications
New York’s rent relief site goes live — without applications
Compass CEO Robert Reffkin (Compass, Getty)
Compass revenue soars 80% in Q1
Compass revenue soars 80% in Q1
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
City Council Majority Leader Laurie Cumbo and 840 Atlantic Avenue (Getty, Google Maps)
Atlantic Avenue project gets haircut — and is rejected anyway
Atlantic Avenue project gets haircut — and is rejected anyway
Opendoor CEO Eric Wu (iStock)
Opendoor revenue bounces back in Q1
Opendoor revenue bounces back in Q1
arrow_forward_ios

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

Loading...