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ShadowMagic t1_je29ovu wrote

???

That would be the 8th ave entrance with the garden remaining intact and not impacted. . The theater would need to be demolished which is still some long shot.

IMHO: anything that is purely aesthetic should be scraped. We need to be investing in expanding function, which this would do very little

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midtownguy70 t1_je3vwcr wrote

It doesn't even get the aesthetics right. This is a boring, uninspired design that still lacks natural light.

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down_up__left_right t1_je55pg5 wrote

>uninspired design that still lacks natural light.

If you want more natural light than this then the city needs to eminent domain all of MSG for a lot of money.

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midtownguy70 t1_je57avj wrote

Hmmmm. City land already, isn't it? What happens if they just don't renew the lease?

In the area surrounding Penn they were going to use eminent domain on a bunch of properties for the disgusting Vornado scheme.

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down_up__left_right t1_je58h8h wrote

>What happens if they just don't renew the lease?

It's not a lease that the city can decide whether to renew or not. It's an operating permit so even if not renewed the city needs to eminent domain the arena to tear it down.

>But MSG is hardly down for the count. That’s because uprooting the Garden isn’t as simple as yanking the permit. For starters, say real estate lawyers, the arena’s owners — a company controlled by the Dolan family, which also owns the Knicks and Rangers teams — would be due a financial payout.

...

>If the permit expires, the games and shows could go on — but without much of an audience. The special permit, which expires July 24, allows the Garden to hold more than 2,500 spectators. However, the city would likely allow the Garden to continue operations without interruption while the venue goes through the review process.

...

>Michael Rikon, an attorney whose law firm focuses on eminent domain — cases in which government takes or restricts private property — says said he agreed with MSG’s claim that it’s being singled out, given that MSG owns the property and has successfully operated it.

>If the city denied the MSG permit, Rikon said, “Just compensation would be required. Because if they do not grant the special permit, the property becomes worthless. It can’t be used for its highest and best use.”

>In 2021, the Empire State Development authority estimated that moving the Garden would cost the public $8.6 billion, including $5 billion to build a new arena.

$5 billion to build a new arena seems high since Barclays was built for $1 billion, but whatever the exact amount it would be expensive.

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midtownguy70 t1_je5k57c wrote

Thank you for answering my questions with additional information. I was downvoted just for asking for clarity, because....reddit.

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