Knicks Must Find New Arena in 10 Years?
Madison Square Garden, home to the Knicks, the Rangers, the Ice Capades, the circus and the “Fight of the Century” between Muhammad Ali and Joe Frazier in 1971, received an eviction notice of sorts on Wednesday.
The New York City Council notified the arena that it has 10 years to vacate its 45-year-old premises and find a new home, the Garden’s fifth since it opened in 1879.
By a vote of 47 to 1, the Council voted to extend the Garden’s special operating permit for merely a decade — not in perpetuity, as the owners of the Garden had requested, or 15 years, as the Bloomberg administration had intended.
Ten years should be enough time, officials said, for the Garden to find a new location and for the city to devise plans for an expanded Pennsylvania Station, which currently sits below the Garden, and the redevelopment of the surrounding neighborhood.