NYC Council committee allows MSG to stay put for five more years

[Kamaji]

NYC Council committee allows MSG to stay put for five more years

By Nolan Hicks   
August 28, 2023

City Council signaled Monday that Madison Square Garden will get just a five-year extension on its permit atop one of the nation’s busiest transit hubs — a move that’s a slap in the face to owner James Dolan.

The permit would be the shortest ever granted to the “World’s Most Famous Arena’’ — and is designed to  ratchet up the pressure on Dolan to cooperate in the  rebuilding of Penn Station below it.

“This will give us the opportunity to come up with a lasting solution for Penn Station,” said local Councilman Erik Bottcher (D-Manhattan) — whose approval is considered critical to any plan —  after the proposal made it out of the council’s Zoning Committee.

“It’ll give us the space and the time to come up with an answer to solve this puzzle — but not too much space and time,” Bottcher told reporters.

The Dolan family, which owns MSG, has argued that it should have an operating permit that never expires.

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Source:  https://nypost.com/2023/08/28/run-dmc-rapper-urges-nyc-council-to-extend-madison-square-gardens-permit-to-operate/